Joe Biden’s Drug-Price Conundrum
Joe Biden’s Drug-Price ConundrumSuppose the president asked you to design the ideal piece of legislation—the perfect mix of good politics and good policy. You’d probably want to pick something that saves people a lot of money. You’d want it to fix a problem that people have been mad about for a long time, in an area that voters say they care about a lot—such as, say, health care. You’d want it to appeal to voters across the political spectrum. And you’d want it to be a policy that polls well.You would, in other words, want something like letting Medicare negotiate prescription-drug prices. This would make drugs much more affordable for senior citizens—who vote like crazy—and, depending on the poll, it draws support from 80 to 90 percent of voters. The idea has been championed by both Bernie Sanders and Joe Manchin. Turn it into reality, and surely you’d see parades…