The White House Can Lower Drug Prices By Fixing The Market, Not Price Controls
By: Drew Johnson
June 16, 2025President Trump shouldn’t adopt socialist-style price controls.“Why do we have a medical system in this country where too many people can’t get the treatment that they need?” Vice President J.D. Vance posed this question during his recent appearance on This Past Weekend w/ Theo Von — and it cuts to the core of America’s health care challenges.
As Vance rightly noted, Americans are propping up a broken global system — paying more for medicines and effectively subsidizing cheaper access abroad. But doubling down on foreign price controls won’t solve that.
President Trump’s recent executive order on drug pricing, which pegs U.S. prices to the lowest paid by other wealthy countries, risks trading one broken system for another. Supporters call it a free market move. In reality, the Most Favored Nation (MFN) policy is anything but. It’s price-fixing based on foreign government mandates. This would import the worst features of European socialized medicine into the United States.
That’s not a knock on the administration’s instincts. The system is rigged against patients, and American taxpayers are shouldering the global innovation burden. The fix, however, lies in unleashing a true American free market — one that roots out supply chain distortions and puts patients, not bureaucrats or middlemen, at the forefront.
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https://thefederalist.com/2025/06/16/the-white-house-can-lower-drug-prices-by-fixing-the-market-not-price-controls/
