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Carrots and Sticks
Author: Raine    Date: 03/06/2023 13:49:52

Carrot and Stick is a system in which you are rewarded for some actions and threatened with punishment for others:

Sometimes I just have to resort to the carrot and stick approach with my children. Source.

2 weeks ago, German Automaker Audi signaled that it would be eying the USA for EV manufacturing.
In revealing Friday that it is considering building a U.S. factory for electric vehicles, German automaker Audi became the latest company to signal that the Biden administration’s support for high-tech and green-energy manufacturing is bearing fruit.

The German carmaker joins a string of manufacturers of cars, computer chips, batteries and solar panels that have announced concrete plans or tentative prospects for boosting U.S. production, all drawn at least in part by subsidies and tax breaks rolled out in White House-backed legislation.
Another huge jolt happened in the pharmaceutical industry last week. Eli Lilly announced that it would cap insulin at a $35 deductible.
Pharmaceutical giant Eli Lilly is slashing the list prices for some of its most popular insulin products by 70 percent and capping insulin copays at $35 for uninsured patients and those with private health insurance. These changes follow efforts by the federal government, the California state government, nonprofits and some companies to make insulin more affordable for the more than 7 million Americans with diabetes who require it. (snip)

Most troublingly, an estimated 1.3 million uninsured people with diabetes and patients with inadequate insurance have resorted to rationing their insulin. Skipping doses because of high insulin prices has sometimes had tragic and even deadly consequences.

But growing competition has shaken up the insulin market in recent years.

For example, Walmart introduced its own private-brand insulin in 2021. Mylan, a large generic drugmaker, developed a version of long-acting insulin called Semglee, priced 65% lower than its branded competitor. But few consumers use those products.
This morning, 3 airlines are to ending family seating fees.
Under pressure from the Biden administration, American Airlines(AAL.O), Alaska Airlines(ALK.N) and Frontier Airlines(ULCC.O) will include the guarantee in customer service plans.

"We have been pressing airlines to guarantee family seating without tacking on extra charges, and now we’re seeing some airlines start to make this common-sense change," Transportation Secretary Pete Buttigieg said in a statement on Monday.
These are all the results of this administration using public policy to change the private sector, and it's working. Classic Carrot and Stick.

Meanwhile, states like Texas, Florida, Tennessee, Arkansas, and others, just use a stick. Joe Biden and his party know how to use government to make things better for Americans. The GOP doesn't know how to govern anymore. Their only tool is a stick that looks like a hammer, and every issue is seen as a nail.

Let's get this week rolling.

&.

Raine
 

2 comments (Latest Comment: 03/06/2023 18:25:32 by shelaghc)
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