Trump Drug Pricing and the Iron Lung Fallacy

President Donald Trump is trying to best Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-MA) in demonizing pharmaceutical companies and using government power to lower drug prices. He announced last week that he will use the buying power of Medicaid to push prices down “to match the lowest prices paid by other developed nations.” The possible savings have not mollified critics of the plan, who say it would preclude larger savings in the works elsewhere.