Policy Documents

Why Price Controls on Prescription Drugs Would Harm Seniors

James Frogue –
May 4, 1999

In this article, author James Frogue explains why the assumption that price controls on prescription drugs for senior citizens and medicare beneficiaries in an attempt to lower drug prices without raising the cost of prescription drugs, is wrong.  He points out that while price controls are designed to solve this dilemma, they invariably make the problem worse thus harming the senior citizen population greatly.