The Democrat multi-trillion dollar tax and spend bill includes a 95 percent excise tax and price controls on American medical innovation. Price Controls Should Not be Conflated with “Negotiation”Supporters of government price controls on American medicines routinely characterize this plan as allowing the government to negotiate with the private sector. The Proposal Imposes a 95 percent, Retroactive Excise Tax on Hundreds of MedicinesThe legislation enforces its price controls through a 95 percent, retroactive tax . When imposed on medicines, price controls suppress innovation and access to new medicines. France has been forced to make significant spending cuts to its “free” socialist healthcare system and there have been significant shortages of basic supplies.
