Macro Musings with David Beckworth cover image

Brian Riedl on the Current and Future Outlook for US Public Finance and Budget Reform

Macro Musings with David Beckworth

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President Biden's Use of Negotiating Price for Medicare

The way Medicare Part D works originally based on the 2003 law is really without price controls, it was through competition. That's actually the part that came in under cost with choice and competition. I have nothing against trying to reduce costs further for Medicare for seniors. There's a danger though that what price controls do is they kill innovation.

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