Adam Mossoff
More than any other president in recent memory, President Trump defended American innovators against attacks by foreign governments. But sadly, in one of his last moves as president, he put foreign price controls on U.S. drugs.
The Trump administration just announced new regulations that change how Medicare pays for prescription drugs. Up until now, this massive government health insurer paid for drugs in a free market setting. But under President Trump s new regulations, Medicare payments will be set based on prices paid by a group of other industrialized countries.
All these countries have price controls in their national health care systems.