Wellhad we not anticipated, had it never seemed, that the Democrats, having won control of Congress and the White House, would proceed to enact paid family leave, expansions of Medicare, a permanent Child Tax Credit, disincentives to fossil fuel use, the ability to negotiate down drug prices, and suchhad we not counted on that, then today would be a day of unmitigated celebration. Instead, celebration of the groundbreaking social provisions that actually are in the bill President Biden outlined todayuniversal pre-K, child care subsidies, incentives for clean energy, commonsense tax reforms that will compel corporations to pay some taxes, and the likehas to be mitigated by the fate of the even more commonsense provisions that now lie on the cutting-room floor.
For me, the most absurd relegation to that floor has been killing the proposal to give Medicare the ability to bring down drug prices. Seldom is a serious change to social and economic policy backed by more than three-fourths of the public, but this one surely was. Reportedly, President Biden has persuaded Kyrsten Sinema to accept a deal so preposterously weakone that enables Medicare to negotiate down the price of drugs whose patents have expired (that is, after the big drug companies have wrung out the lions share of profits on those drugs, and which simply incentivizes those companies to extend their patents)that few Democrats on the Hill seem inclined to vote for it. (Its merits are so nonexistent that the provision was omitted from Bidens bill.)
By opposing giving Medicare the capacity to stop Big Pharma from charging Americans vastly more for their medications than they charge the citizens of any other nation, Sinema and three House Democrats effectively killed the one provision of the proposed $3.5 trillion package that would have most reduced the cost of living, significantly slowed the pace of inflation, and quite possibly moved more swing votes into the Democrats column than any other.
Leading the resistance to this measure in the House was Scott Peters, the California Democrat whose North San Diego County district includes many of the biotech companies that reap fortunes from high drug prices. While Sinema and the two other House Democrats who joined with Peters can likely be successfully primaried, the economy of Peterss district is so dependent on high drug prices that he might well survive such a challenge. A modest solution to this problem might be for Democrats to redraw national boundaries so that Peterss district is thrown out of the country. A nation built on the absorption of territory should also be able to shrink its territoryright? In the long run, if America can become a normal foreign country to the big drug companies, maybe then we can bring down prices to what every other country pays.
Desperate injustices breed desperate measures.
On a less fanciful note, one provision of the PRO Actwhich, taken as a whole, would have been a new Magna Carta for American workershas made it into Bidens bill. The provision requires employers to pay fines ranging from $50,000 to $100,000 when they commit unfair labor practices, such as firing employees for their pro-union activities. Under current law, there are effectively no penalties assessed on employers when theyre found guilty of such practices. By excluding the more fundamental provisions of the PRO Act from Bidens bill, chiefly because they dont fit under rules of reconciliation, the employer-employee playing field remains steeply tilted toward employers, but if these fines pass muster with the Senate parliamentarian (an open question), they do reduce that tilt by a decidedly modest margin.
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As befits a half-empty, if also half-full, glass.
