Extracting yet more money from the drug industry to fund home healthcare may be popular with the electorate. But the costs of Harris’s proposal to Americans today and tomorrow — in dollars and in treatments foregone — can hardly be understated.
U.S. Vice President Kamala Harris’s new proposal to provide subsidized at-home care for seniors through Medicare has received a warm reception from many academics and advocates for the elderly.
But the likely cost of this new plan — not just to taxpayers but to the health of patients both present and future — makes it unworkable and unwise.
Harris intends to pay for universal home care through, among other things, a fresh round of price controls on prescription drugs.
Such price controls will destroy the incentive for companies and investors to engage in drug research.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Harris’s Home Care Promises Unworkable, Unwise
Sally C. Pipes
Extracting yet more money from the drug industry to fund home healthcare may be popular with the electorate. But the costs of Harris’s proposal to Americans today and tomorrow — in dollars and in treatments foregone — can hardly be understated.
U.S. Vice President Kamala Harris’s new proposal to provide subsidized at-home care for seniors through Medicare has received a warm reception from many academics and advocates for the elderly.
But the likely cost of this new plan — not just to taxpayers but to the health of patients both present and future — makes it unworkable and unwise.
Harris intends to pay for universal home care through, among other things, a fresh round of price controls on prescription drugs.
Such price controls will destroy the incentive for companies and investors to engage in drug research.
Read the entire Newsmax Op-Ed.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.