“I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World,” Trump said. “Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS.”
The president doesn’t have the power to unilaterally dictate pharmaceutical prices. The federal government has some power to set the prices paid by Medicare/Medicaid recipients, but let’s be very clear that reform in this regard has been blocked by Republicans for decades. When the Biden Admin did it for just a handful of medications, the screeching was deafening.
Anyway, my point is that as usual, this is bluster with no actual implementable policy behind it
Someone will have to fight it in court. Presidents have done this for a very long time but I do agree. It isn’t a power they have but nobody challenges it
Biden had CMS (The Center for Medicare and Medicaid Services) negotiate some drug prices with pharmaceutical companies on behalf of Medicare recipients. This is entirely legal, because the federal government is the payer for people with Medicare. Pharmaceutical companies want Medicare to keep covering their drugs, so they’re willing to come to the table. Again, this is for Medicare only.
What’s harebrained, blatantly not legal, and unimplementable is, “I hereby order all drug prices in the US to be the lowest in the world!”
Google is your friend
This is rich, coming from someone actively demonstrating they lack a basic understanding of what Biden did despite providing a link to it
The president doesn’t have the power to unilaterally dictate pharmaceutical prices. The federal government has some power to set the prices paid by Medicare/Medicaid recipients, but let’s be very clear that reform in this regard has been blocked by Republicans for decades. When the Biden Admin did it for just a handful of medications, the screeching was deafening.
Anyway, my point is that as usual, this is bluster with no actual implementable policy behind it
But… but… This was the half-assed master plan to replace Obamacare that they finally thought of! It’ll definitely work! … right?
Someone will have to fight it in court. Presidents have done this for a very long time but I do agree. It isn’t a power they have but nobody challenges it
“Presidents have done this for a long time?” Name one and what they did
Biden, Trump, obama,
And when did Biden and Obama try to unilaterally and unconstitutionally dictate pharmaceutical prices
Google is your friend. You don’t remember Biden touting insulin prices ?
https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2023/03/02/fact-sheet-president-bidens-cap-on-the-cost-of-insulin-could-benefit-millions-of-americans-in-all-50-states/
Biden had CMS (The Center for Medicare and Medicaid Services) negotiate some drug prices with pharmaceutical companies on behalf of Medicare recipients. This is entirely legal, because the federal government is the payer for people with Medicare. Pharmaceutical companies want Medicare to keep covering their drugs, so they’re willing to come to the table. Again, this is for Medicare only.
What’s harebrained, blatantly not legal, and unimplementable is, “I hereby order all drug prices in the US to be the lowest in the world!”
This is rich, coming from someone actively demonstrating they lack a basic understanding of what Biden did despite providing a link to it
It isn’t my job to link everything for you. People don’t typically ask to be cited common knowledge.