Government did such a great job with Obamacare that now Elizabeth Warren wants the government to make drugs. What could go wrong? Democrats really believe government is the solution to everything.
The Hill reports:
Warren unveils bill to lower drug prices by letting government manufacture them
Sen. Elizabeth Warren (D-Mass.) on Tuesday unveiled a bill aimed at lowering drug prices by allowing the government to step in and manufacture certain drugs that lack competition.
The bill from Warren, who is considered a likely 2020 presidential contender, comes as Democrats are putting forward a range of new ideas on how to lower drug prices, a top priority for the public and an issue that President Trump has also highlighted.
Warren’s bill would create a new office in the Department of Health and Human Services that would be empowered to manufacture generic drugs itself and sell them at fair prices, if no company is already making the drug, or if one or two companies are making the drug and the prices spike.
“In market after market, competition is dying as a handful of giant companies spend millions to rig the rules, insulate themselves from accountability, and line their pockets at the expense of American families,” Warren said in a statement.
Private companies won’t be able to compete with the government, which has unlimited resources. So what will happen? The government will end up with a monopoly.