It's commendable that Democrats in Congress are determined to include prescription drug-pricing reforms in their Build Back Better spending bill. Far too many Americans struggle to pay for their medications, and high out-of-pocket drug costs are potentially life-threatening, especially for those with chronic diseases.
Unfortunately, the latest version of lawmakers' drug-pricing plan contains bad ideas as well as good ones. In particular, it allows Medicare to set prices for a range of popular drugs, in an effort to save the government money. But this would reduce access to state-of-the-art medicines for millions of seniors, while severely setting back medical innovation.
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