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Regulatory freedom and health care meet in this episode of Swamp Secrets with Andrew Langer, Director of the CPAC Foundation Center for Regulatory Freedom and Executive Director for the Coalition Against Socialized Medicine.
The Biden administration has recently indicated plans to abuse the Bayh-Dole Act to set price controls on pharmaceuticals and thereby, stifle research, violate property and patent rights, and exert unnecessary and invasive control over the free market. CPAC and Langer have filed comments in response explaining the dangers of price controls for the long-term health of the medical field and to alert medical research organizations to not take federal funding and be subject to this new regulation.
This abuse of the Bayh-Dole Act is one example of the Biden administration operating at a high regulatory pace, growing the regulatory state by 15% each year, a jump from the Obama administration. In contrast, President Donald Trump only grew the regulatory state by one-third of one percent each year, or as Langer described, “about as close to zero as we’ve ever seen for any modern president”.
“Joe Biden comes into office, the regulatory tempo jumps to as I said 15% growth per year. What that means is the regulatory state now costs the American economy just around $3.5 trillion annually,” explained Langer. “The point is choices matter, and we can change the trajectory of where we go.”
Stay tuned to CPAC social channels and CPAC.org for white papers and blogs from Langer further explaining the Biden administration’s latest regulatory moves.
