Biden Can Lower Prescription Drug Prices by Simply Following the Law
Commentary
Not every problem calls for a government solution. But in the case of runaway prescription drug prices, there is a smart, conservative policy that can help drive down the price of prescription drugs, effectively and fairly, by employing a free-market solution rather than government price controls.
The solution is price transparency, but the Biden administration is refusing to employ this solution, violating federal law in the process. A lawsuit we recently filed will hopefully force the president and his administration to follow the law, and lower prescription drug prices in the process.
Back in 2020, the Trump administration instituted a rule promoting price transparency by requiring insurance companies and group health plans to share prescription drug prices online and in a way consumers could easily access and understand….