Congress is in a full blown austerity mode right now and any deal that comes out of these negotiations is likely going to be really bad news for regular people. That is why I suspect any deal will just happen to be reached at the last minute, so Congress will “need” to quickly pass the bill with effectively no public debate or time for scrutiny.

Over the passed few years, the price of common brand name prescription drugs have experienced an incredible level of inflation significantly higher than both regular inflation and even medical inflation, according to the Government Accountability Office. Yet, at the same time, the cost of common generic drugs has fallen. Here we have another great reminder [...]