Here’s the latest version of the Biden-Harris administration’s attempt to expand government control over our economy, this time using Medicare drug pricing as their venue. This example also is the latest inclusion in the Progressive-Democratic Party’s reconciliation bill.
The Health and Human Services Secretary will “negotiate” 10 to 20 of the drugs that Medicare spends most on, starting in 2025. Drug makers will get socked with a 95% excise tax on gross sales if they don’t agree to the government’s price.
This is a textbook example of the fascism version of socialism. Companies are free to produce and sell whatever they want, so long as it fits within Government requirements directing what is produced, the volume of production, and the prices to be charged.
Yet, Biden can’t make the trucks run on time.