While there is certainly division within America, the population broadly agrees that drug manufacturers have continued to take advantage of the healthcare system in order to create record profits. Corporate power must be regulated, and the system must listen to the demands of the people. Not only does this concern the abundant majority in favor of Medicare drug price negotiation, but all those who continue to suffer at the hands of Big Oil, Big Tech, and countless other companies.
While the Biden administration's Medicare drug price negotiation sounds positive, in reality, the Inflation Reduction Act is designed to force manufacturers to accept the will of the state. Consequently, to counter being strong-armed by the public sector, companies will reduce investment and their commitment to future life-saving medical breakthroughs. Legal action is needed to ensure that over-regulation does not stifle innovation.