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Biden's Medicare price controls will hurt millions of Americans — we can, and must, do better

Recently, the Biden administration announced that the manufacturers of the first 10 medicines targeted for the Inflation Reduction Act’s (IRA) price-setting provisions agreed to participate in what some have called a negotiation scheme. What the administration omitted was that manufacturers resisting the “negotiation” are subjected to an exorbitant federal excise tax of up to 1,900… ....

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