Editor, Casa Grande Dispatch:
According to recent radio ads I’ve heard, Congress and many candidates are promising to put government price controls on drugs for Medicare patients. For those of us who are on Medicare, we absolutely don’t want government rate fixing as a solution to the high cost of drugs. Much more thought must be put into a remedy than a campaign promise of a quick fix.
Senior citizens are constantly concerned about the cost of their health care, and we would like something to be done, but government price controls will lead to disaster. Anywhere they have been tried, it leads to limited production, rationing and stifled research and development. Many seniors live a productive life because of advanced research in medicines. While we understand it is expensive to do all the research for an effective drug, the U.S. leads the world in developing 70% of the world’s medicines.
Government price control simply doesn’t work. Worse, it does more harm in the long run because price controls always lead to drug shortages and in most cases limit all-important research and development for new drugs.
These radio ads advise Congress not to impose government rate fixing. For all of us who are concerned about this important issue, we too should let our congressmen know what a bad idea this is. We need real solutions, not pie-in-the-sky promises.