How government caused the baby formula shortage
Why do only four companies control 90% of the supply? The answer lies in the desire of the majority of voters to have the federal government regulate industry.
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Why do only four companies control 90% of the supply? The answer lies in the desire of the majority of voters to have the federal government regulate industry.
I recently overheard a woman inquire about baby formula at a local supermarket. The moment she was informed the store had no formula she stormed off exclaiming, “That damned Biden!”
For much of the past month, federal and local regulators have been taking steps to increase the supply of baby formula on store shelves.
The Health and Human Services' Office of Inspector General (OIG) has launched an audit on the U.S. Food and Drug Administration (FDA) over the agency's response to the baby formula shortage that is wreaking havoc across the country.
The shortage resulted after an Abbott plant closed due to strains of bacteria potentially deadly to infants were discovered at the facility.