Pelosi, Progressive Caucus Clash over Drug Pricing Legislation
Fox News cites Research Fellow Patrick Hedger on Nancy Pelosi’s proposed “Lower Drug Costs Now Act.”
But according to the right-leaning Competitive Enterprise Institute (CEI), the plan would result in shortages and hurt new research and development.
“Exorbitant healthcare costs are a direct product of decades of increasing government interference in the marketplace,” CEI research fellow Patrick Hedger said in a statement to Fox News. “Ratcheting-up this interference, particularly with simplistic price controls, has predictable and undesirable results.”