Economic Impacts of Prescription Drug Plan

CONservative Spin:

“it would save little money because private health insurance providers already negotiate lower prices with drug companies.”
Isaiah J. Poole's picture

PROgressive Response:

By Isaiah J. Poole
November 7th, 2007
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The top 20 drugs prescribed to seniors are on average 58% cheaper under the Veterans Administration, which uses its bulk purchasing power to negotiate for lower drug prices, than under the 5 largest Part D service providers.

Question to ask: If Medicare can't negotiate as well as the private plans, why is PhRMA spending so much money fighting this proposal?

 Source

"No Bargain: Medicare Drug Plans Deliver High Prices," Families USA, January 9, 2007. Retrieved from on December 14, 2007, from http://www.familiesusa.org/assets/pdfs/no-bargain-medicare-drug.pdf.

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