The EPIC Act Will Correct Dangerous Market Distortions Passed Under Biden - Americans for Tax Reform

The EPIC Act Will Correct Dangerous Market Distortions Passed Under Biden - Americans for Tax Reform

The Inflation Reduction Act (IRA) gave the Health and Human Services Secretary the authority to “negotiate” the prices of prescription drugs for Medicare. This really means the Secretary has the power to determine the price that they believe is acceptable and impose a steep tax of up to 95% on companies who charge more. The IRA incurs shortages, cost increases, and a small molecule “pill penalty,” which disincentivizes the creation and sale of s…

The EPIC Act Will Correct Dangerous Market Distortions Passed Under Biden

The Inflation Reduction Act (IRA) gave the Health and Human Services Secretary the authority to “negotiate” the prices of prescription drugs for Medicare. This really means the Secretary has the power to determine the price that they believe is acceptable and impose a steep tax of up to 95% on companies who charge more. The...