Drugmakers want to stop Medicare from negotiating prices
cnn.com
cnn.com
You know, if they attached a 5 year no negotiation to a Medicare-for-All bill, it might pass the house and senate. I mean, if PartD passes in the height of the Bush Administration....
> once HHS unilaterally selects a drug for inclusion in the program, its manufacturer is compelled to sign an ‘agreement’ promising to sell the drug to Medicare beneficiaries at whatever ‘fair’ price the agency dictates, which must represent at least a 25% to 60% discount,” the complaint says, calling it “tantamount to extortion.”
It is a negotiation. Drugmakers can negotiate prices, or refuse and lose access to the single largest purchaser of medication in the United States.
It is ridiculous that drug companies expect tax payers to just accept whatever astronomical prices they feel like charging while private insurers are allowed to negotiate deals.
That seems fair enough, seems to work elsewhere in the world.
That's extortion. And I'd love to see it.