Opinion | Biden White House Inching toward socialized medicine WashTimesOpEd
In last week’s State of the Union address, President Biden touted efforts by his administration to strengthen American health care, saying, “we’re taking on powerful interests to bring your health care costs down so you can sleep better at night.”
The legislation — passed and signed into law last year — included an extension of enhanced Affordable Care Act subsidies. While proponents argue that the move lowers payments for Americans on Obamacare exchanges, it does nothing to address the true cost of care. The sleight of hand simply shifts when and who is feeling the financial squeeze. And in this case, it’s the taxpayers. The extension is expected to cost roughly $64 billion over three years.
The middlemen of the drug supply chain — called pharmacy benefit managers — are major culprits behind rising drug prices. Through their pay-for-play scheme, the entities clandestinely inflate the cost patients pay for medication by billions of dollars a year to pad their own pockets. This scenario is no longer hypothetical; it’s reality. Since the passage of the IRA, some drugmakers have already scaled back investments in new cancer treatments. This is only the beginning. It will take years to realize the full extent to which innovation has been sabotaged and lives have been lost.
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