The Democratic primaries may be contentious, but both candidates agree on one point: government fiat must rein in prescription drug prices.
Hillary Clinton proposes caps on drug prices and a mandate that pharmaceutical companies spend a preset percentage of revenues on research and development. She’d confiscate any excess to subsidize public biomedical research institutions like the National Institutes of Health.
Bernie Sanders wants us to purchase drugs from single-payer government healthcare like that in Canada that sets drug prices, thereby importing our northern neighbor’s price-control policy.
The brains behind these proposals are misguided academics, including physicians.
