The Only Rx for Drug Shortages Is Competition

A staff member sorts through drugs while filling a prescription at the Clay-Battelle Community Health Center's pharmacy in Blacksville, W. Va., on March 21, 2017. Brendan Smialowski/AFP via Getty Images

Commentary

Price controls lead to shortages. This axiom is as dependable and scientifically absolute as the law of gravity. And it is the case even when the controls are elaborately disguised.