I read this informative Medicare Rights Center blog post by Julie Carter (dated 10-26-17) and thought I’d share it.
Pasted below is an excerpt:
"Currently, the HHS Secretary is not allowed to negotiate drug prices in the Medicare program, though drug prices are negotiated in the Medicaid program as well as in the U.S. Department of Veterans Affairs.”1
Can you believe that in this day and age that Medicare Drug Costs (with all the volume and clout of the U.S. government) are still not allowed to be negotiated, even though other departments of the U.S. government such as, Medicaid and the VA, are allowed to negotiate prices? No wonder the prescription drugs costs have skyrocketed for Medicare prescription drugs over the last several years!
Click on link below to read entire article.
The Medicare Drug Price Negotiation Act Would Lower Costs and Preserve Care
1. Source: https://blog.medicarerights.org/medicare-drug-price-negotiation-act-lower-costs-preserve-care/
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