America’s largest pharmaceutical companies continue to sound the alarm about last year’s Inflation Reduction Act.But rather than heeding these warnings, the IRA’s strongest proponents are doubling down. In April, Sen. Amy Klobuchar (DMN) introduced the Strengthening Medicare and Reducing Taxpayer (SMART) Prices Act, which now has dozens of Democratic co-sponsors. The legislation would give Medicare officials the power to set prices for more drugs and do so even sooner after they hit the market. It would also lower the ceiling for prices for the drugs subject to “negotiation.”The SMART Prices Act is deeply stupid, in that it would make both ...