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Why Drug Prices Are Unnecessarily High
The root problem in our drug pricing system isn’t just high prices—it’s how those prices are set. In a normal market, buyers and sellers see the price and make decisions accordingly. But in pharmaceuticals, the system is built on information hiding and artificial scarcity. LIST PRICES AREN’T REAL Manufacturers set list prices arbitrarily high, but…
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Smart Cost-Cutting: Stopping $90 Billion in Improper Payments
If we’re serious about reducing federal spending, we need to begin where the waste is—not where the services are. For me, that means starting with fraud, waste, abuse, and error in Medicare and Medicaid. Each year, these programs account for an estimated $100 billion in improper payments. That includes clear fraud, like phantom providers and…