There are 40 million medicare participants in the US, and drug prices keep skyrocketing. "...prices for the top 15 prescription drugs used by seniors had a median increase of 9.2% over the last year." As expected, "The main trade group for brand-name drugmakers says it is pleased by today's outcome."
Thursday, April 19, 2007
Senate blocks government from negotiating drug prices for Medicare participants
Totally ridiculous. Most private health insurance companies negotiate with drug manufacturers to get price breaks on prescription drugs to save us money. The Senate blocked a bill yesterday that would have allowed the government to do the same thing.