The plan won't be limited to Medicare prescriptions but will also target medications covered by Medicaid and private insurance. Weight-loss drugs are expected to be on the list.
Capitalism often operates in regulated markets, including those with price controls.
The pricing mechanism in (nominally) communist countries is generally not based on price caps, but instead a mix of political expedience and an attempt to implement the labor theory of value (which is fallacious and therefore unworkable).
This is very capitalist and certainly not communist approach to market prices 🤪
Capitalism often operates in regulated markets, including those with price controls.
The pricing mechanism in (nominally) communist countries is generally not based on price caps, but instead a mix of political expedience and an attempt to implement the labor theory of value (which is fallacious and therefore unworkable).