The senate’s top Republican says drug companies have good reason to push back on a price fixing scheme from the Biden administration. Senator Mitch McConnell supports the drug companies in their lawsuit against government price fixing in the Inflation Reduction Act Under the law, McConnell says drug companies that fail to comply with price limits […]
Audio
McConnell Sides With Drug Companies Against Biden Price Controls
The senate’s top Republican says drug companies have good reason to push back on a price fixing scheme from the Biden administration. Senator Mitch McConnell supports the drug companies in their lawsuit against government price fixing in the Inflation Reduction Act
Under the law, McConnell says drug companies that fail to comply with price limits imposed by non-elected bureaucrats must pay a high excise tax, or withdraw from participation in Medicare and Medicaid programs