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" ... Canada has set an example which the U.S. would be wise to follow. As Greg Ip pointed out, Canada’s carbon tax policy involves rebating the tax revenue collected to the general population. The Canadian policy might be best described as a “combination carbon tax and full tax revenue refund policy.” This is precisely the point which President Biden and his Democratic allies appear to have overlooked. A combination carbon tax and full refund policy need not harm those with lower incomes. ... "
" ... Of course, it’s probably going to be the case that most of the PBMs and drug companies don’t want to end these rebating schemes. Such an outcome would also cut their reported gross revenue, even if they never realize the bulk of that revenue as net income because they have to pass it on to other intermediaries. ... "
" ... This system would eliminate the opaque discount and rebating practices that define the current system and move toward a more transparent pricing structure. Further, patients should be empowered to become more effective health care consumers and insurers should play a more effective role managing true health care risks. ... "