Poster
02-23-2005, 09:09 AM
Medicare chief Mark McClellan has announced that the elderly could save more money by letting the private sector set drug prices. Under current Medicare law, the government is banned from directly negotiating prices. According to McClellan, prices could be reduced by 15% at first, and by 25% over five years.
"Pharmacy benefit managers have had substantial experience with such efforts and have demonstrated their effectiveness for many years."
"The past experience of Congress and the Medicare program in regulating drug prices has not been reassuring."
For more information see: http://olympics.reuters.com/newsArticle.jhtml?type=healthNews&storyID=7653503
"Pharmacy benefit managers have had substantial experience with such efforts and have demonstrated their effectiveness for many years."
"The past experience of Congress and the Medicare program in regulating drug prices has not been reassuring."
For more information see: http://olympics.reuters.com/newsArticle.jhtml?type=healthNews&storyID=7653503