Paragon President Brian Blase and Paragon Advisors Dean Clancy, Joe Grogan, and Tomas Philipson were quoted in The Daily Caller‘s story “Biden Just Signed The Inflation Reduction Act — Here’s How It Can Transform Your Healthcare.”
The story states:
President Joe Biden signed the Inflation Reduction Act (IRA) Tuesday, codifying into law some of Democrats’ most sought-after healthcare reforms since the passage of the Affordable Care Act under former President Barack Obama.
The healthcare provisions of the law — which also include significant changes to climate and tax policy — are aimed primarily at lowering prescription drug prices and expanding access to Obamacare. Democrats are touting the IRA as a major legislative achievement, but some experts are skeptical they’ll achieve its stated goals.
One of those experts is Brian Blase, who explained why the bill will be counterproductive:
“By extending enhanced Obamacare subsidies, the IRA promotes wasteful health spending for the benefit of insurance companies and the wealthy, and will likely increase inflation.”
“The overall health care provisions in the Act will grow government’s already sizeable control over the health sector, worsen Americans’ health, and probably cost taxpayers more than what CBO estimates.”
Paragon Advisor Tomas Philipson was also quoted for the story, saying:
“The Act will cut American lifespans. Over the next 17 years, the bill would reduce drug industry research and development by about $663 billion, resulting in 135 fewer new medicines. This will amount to a loss of 330 million life-years, about 30 times the loss from COVID-19 so far.”
Paragon Advisor Dean Clancy also expressed concern:
“Drug price fixing and billions more in health insurance subsidies will do nothing but incentivize insurers to continue raising rates.”
Paragon Advisor Joe Grogan was also quoted for the story.
The full article can be found in The Daily Caller.
