President Biden outlined his strategy to deal with inflation. Here is one element.
Lower prescription drug and healthcare costs: The administration called on Congress to fix the “family glitch” issue in the Affordable Care Act that keeps hundreds of thousands of families from qualifying for premium tax credits, pass laws to lower prescription drug costs and health insurance premiums, and allow Medicare to negotiate drug prices and make other reforms to prescription prices.Investopedia
I am always amazed when politicians seek to solve a problem by attacking the end result and not the cause. Will passing laws to lower prescription costs and health insurance premiums have a lasting impact without consequences? Not likely because the drivers of costs remain.
This strategy is like trying to help a person pay their credit card debt while they continue to charge new spending.