Sunday, December 17, 2023

Biden's Drug-Price Boomerang - WSJ - The Wall Street Journal

Journal Editorial Report: Republicans take the first plunge. Images: Getty Images/CQ Roll Call via ZUMA Press Composite: Mark Kelly

President Biden keeps trying to persuade Americans his policies are helping them, but voters aren’t buying it. The latest example is the Inflation Reduction Act’s (IRA) Medicare drug rebates, which are raising the cost of medicines.

The White House on Thursday proclaimed that the IRA’s drug rebates are already saving seniors money: “President Biden’s prescription drug law cracks down on price gouging from Big Pharma.”

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