Seizing private property is always wrong. Even these rumors about the government seizing medical supplies makes me squirm a little.

Let the free market work. Prices will go up for high demand goods. Production will ramp up due to high profits. Prices come back down as supply increases. Within a few weeks/months we have normal prices AND higher production and more jobs here in the US.

Either nationalize the medical industry and have the government run it (pretty much exactly what every Conservative is trying to avoid), or leave it to the markets to adjust and compensate. Doing a half-assed version of either of those is bound to fail.