Medicare and Medicaid

New Report: Allowing the Govt. to Negotiate Medicare Drug Prices Would Save Taxpayers $30B Annually

Published in Healthcare Mergers, Acquisitions and Ventures Week, April 21st, 2007

Taxpayers across the country would save $30 billion in prescription drug costs if the federal government were directed to negotiate with pharmaceutical companies over Medicare drug prices, according to a new report released today by the Institute for America's Future.

With 85 percent of the country favoring the use of Medicare's collective bargaining power to lower prescription drug prices, Americans are using the Congressional recess to push for the elimination of a controversial provision in The Medicare Modernization Act of 2003 that prohibits the government from interfering in negotiations between Part D plan participants and drug makers. House Democrats, led by...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2007-04-21)

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