Waste and Inefficiency in the Bush Medicare Prescription Drug Plan

Allowing Medicare to negotiate lower prices could save $30 billion a year

By Roger Hickey & Jeff Cruz, in cooperation with Dean Baker, Ph.D.
Institute for America's Future
April 01st, 2007
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The Republicans' prescription drug program sell-out to insurance and drug companies made a law prohibitting Medicare from negotiating for lower drug prices. If Congress repeals this law and allows the government to use its bulk purchasing power, American taxpayers and seniors could save more then $30 billion annually.

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