The Controlled Price Is Not Right

Allen Thomas explains how and why price controls consistently fail and why broadening the powers of the Prescription Drug Affordability Board through HB23-1225 is a dangerous idea.

Dr. Craig Stimson

Pain can be exhausting and frustrating. Chiropractor Dr. Craig Stimson can help. Dr. Stimson has been helping individuals and families with sports injuries, headaches, and joint pain for over 37 years. Thank you Dr. Craig Stimson for your partnership/sponsorship.

The Kim Monson Show
The Kim Monson Show
The Controlled Price Is Not Right
/

Allen Thomas explains how and why price controls consistently fail and why broadening the powers of the Prescription Drug Affordability Board through HB23-1225 is a dangerous idea. Thomas wrote an essay, The Controlled Price is Not Right. In this essay, Thomas examines the aftermath of the passage of SB 21-175, which created the Prescription Drug Affordability Board. HB 23-1225 seeks to “extend and modify” the capabilities of PDAB, which would result in more harm done than good. For example, under this bill PDAB could put price caps on certain medications, such as insulin. Manufacturers could very well get around these price caps by ceasing to sell that medication in the state of Colorado. Granting boards such as the PDAB more power is never an effective answer to addressing complex issues such as high prescription medication prices. Listen to the full interview in the first hour.

Sponsors and partners of the Kim Monson Show

Johnny Stubbs Service

Johnny Stubbs HVAC Services team of expert provides proper guidance to help you make informed decisions regarding your heating and cooling needs. Thank you Johnny Stubbs Services for your partnerhip/sponsorship.

Leave a Reply

Your email address will not be published. Required fields are marked *

colorado conservative values kim monson

Sign up for The Kim Monson Show newsletter.

Every Sunday you’ll get our upcoming week’s schedule, links to Kim’s latest podcasts, feature articles on the important political and social issues facing Coloradans. You’ll also be the first to hear about exclusive events and offers from Kim and her partners.