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Tuesday, January 2, 2007

New Congress Set to Move on Drug Prices


Within days of convening, the new Congress will return to some of the biggest battles of the last decade as House Democrats try to rush through legislation requiring the government to negotiate lower drug prices for Medicare beneficiaries. . . . ( New York Times, Tuesday)

Price controls by any other name will achieve the opposite of their intent.

FEE Timely Classic
What Price Control Really Means by Lawrence W. Reed