The Trump administration has released its “most favored nation” (MFN) final rule to impose price controls on Medicare Part B.
ATR President Grover Norquist released the following statement in opposition to the proposal:
“Now is the worst possible time to impose price controls on American medicines. Thanks to American medical innovation, we have developed Coronavirus vaccines at the fastest rate in history.
The proposed ‘most favored nation’ rule would impose socialist price controls on America’s healthcare system by arbitrarily tying the prices we pay to the prices in foreign countries. This would cripple American innovation and delay access to new treatments and cures at a time when we need them most.
The MFN rule would also embolden the left by moving the U.S. closer to a system of government run healthcare that is being pushed by radical far-left politicians like Nancy Pelosi, Bernie Sanders, and Alexandria Ocasio-Cortez.”