In his first address to Congress last month, President Trump criticized the Food and Drug Administration’s “slow and burdensome” drug approval process for preventing “too many advances…from reaching those in need.” Indeed, the FDA has repeatedly proven to be a bureaucratic quagmire that slows the development of effective, affordable medication and helps to inflate the price of some drugs to absurd levels.
Congressional Republicans all say they want to undo at least bits and pieces of ObamaCare. Efforts to unite behind a bill that would replace ObamaCare have been all over the map with senators like Bill Cassidy pitching his “repeal” as a way to keep ObamaCare.
In a few years, Uber and Lyft have dominated ridesharing. It’s a classic story that embodies and demonstrates the wonders of the free market: creating profit for innovative producers while also making services cheaper for savvy consumers.