Reich on Pills

The current Democratic bill [that allows the federal government to negotiate pill prices] is calculated to make everyone happy. It allows Democrats to tell seniors and the all-important AARP that they're forcing Medicare to negotiate with drug companies. And it also allows Democrats to turn around and tell Big Pharma not to worry because the negotiations won't have any real teeth in them. Their drugs will still be approved, regardless of price.

But the bill won't make anyone happy.

Robert Reich