The history of government price-control policies that seek to impose price ceilings on goods and services…
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Ramirez Cartoon: Drug Price Control Poison

The history of government price-control policies that seek to impose price ceilings on goods and services is both long and replete with failure. That’s because price controls discourage innovation and investment, and lead to shortages in the marketplace, among other unintended consequences.

No targeted industry is immune from the predictable negative impacts of prices controls – not even prescription drugs, which seem to be a primary target in the price-control crosshairs of policymakers at all levels of government.

In his latest cartoon, two-time Pulitzer Prize winner Michael Ramirez sums up the negative consequences of prescription drug price control policies – whether they take the form of direct price caps, “negotiated” Medicare and other prices, or Most Favored Nation…[more]

May 28, 2025 • 01:05 PM
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Notable Quote   
 
"After stepping off the plane in Nashville, having paid far more than expected for your flight, the rental car desk awaits.Four days with a Toyota Camry costs $670. A Starbucks coffee on the way to the hotel is another $7.Your budget hotel somehow costs $500 for the weekend, breakfast not included. Eating out for dinner means the day's spending is comfortably into four figures.Welcome to America in…[more]
 
 
— Keiran Southern, The Times
 
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