In Another Win For Consumers, Trump Ending Biden’s War On Bulk Pricing

Daily CallerThe one remarkably consistent concern on the minds of American consumers can be summed up in one word: prices. It is even driving congressional debates this year, as lawmakers face mounting pressure to show that they understand what constituents’ families face every time they swipe a card at the checkout counter.One of the least discussed aspects of this multi-faceted, supply-and-demand problem — more than charges of “corporate greed” — is regulation. Most specifically, anger at the Biden administration’s policies that targeted the very market efficiencies that tend to keep prices down.Perhaps nowhere was this phenomenon more evident than in former President Joe Biden’s antitrust policy.Under the previous administration, federal regulators increasingly treated scale and efficiency not as consumer benefits (which they are), but as suspect behavior requiring government intervention. Thus, discounts realized from buying in bulk were reframed as “unfair.” The result of this mindset was an antitrust agenda that, if fully realized, would have pushed everyday costs even higher.For decades, Republican and Democratic administrations shared a basic antitrust principle: enforcement should protect competition, not individual competitors. The metric was simple —  do consumers benefit through lower prices, greater choice, and innovation? This consumer-focused barometer helped keep antitrust focused on real harms rather than political preferences.That consensus fractured under Biden’s Federal Trade Commission (FTC). Led by its uber-liberal Chair,  Lina Khan, the agency revived a long-dormant New Deal statute, the “Robinson-Patman Act,” and weaponized it to attack routine volume discounts.The law, written in the 1930s, was dusted off not to stop collusion or monopoly pricing (which was its original purpose), but to challenge price differences that often reflect ordinary cost savings. This marked a significant expansion...

A European, Socialized Pharmaceutical Marketplace Should Have No Place in America

Daily CallerPresident Trump is right to make lowering drug prices one of his priorities. American consumers are sick of paying two, three, even five times more for medications than the prices outside our borders. A proposal the Administration is considering, however, threatens to make the problem much worse. It is true that the United States is in effect subsidizing the rest of the world’s drug costs. Since countries like Canada and France, with economies that are overtly socialist, impose strict government price caps on drugmakers, pharmaceutical companies charge Americans more to make up the difference – a situation that is neither fair nor free-market.So, when the Trump Administration reportedly began soliciting proposals to implement a so-called “Most Favored Nation” (“MFN”) policy for pharmaceuticals, it understandably attracted attention. On the surface, the move to a pharmaceutical most-favored-nation strategy sounds like a tough, Trumpian fix. In reality, it represents the same, discredited and dangerous idea the Left has been pushing for years, just repackaged in MAGA talking points.The positive, and practical solution to this inequitable treatment – one that actually is quintessential Trump — is to stop subsidizing drugmakers who treat American consumers like suckers and view our vast pharmaceutical market as a bottomless piggy bank. The problem is, no Big Pharma company wants to give up the substantial federal research dollars, tax credits, and government contracts now provided by Uncle Sam. The one action that would cause Big Pharma to stand up and take notice would be for the Trump Administration to seriously threaten to cut off that largess unless Big Pharma starts treating American consumers as fairly as it treats foreign governments. This actually could start to solve the problem...