Quote:
Originally Posted by heims01
Seeing a new add sponsored by PhRMA stating that allowing Medicare to negotiate drug prices will reduce availability of drugs. I think that might be a fib but wonder what others think. I know drug prices are very high for many Tier 4 and 5 drugs when on Medicare.
S.99 - Medicare Drug Price Negotiation Act
116th Congress (2019-2020)
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Drug prices are lower in other countries, Canada comes to mind, because prices are negotiated. Our Congress, all of them, forbid Medicare from negotiating drug prices because Big Pharma lobbied them relentlessly to get what they wanted, no negotiation. It is a travesty and should immediately be changed. Medicare is an enormous user of prescription drugs and would be a formidable foe in any negotiation--that is if they were ALLOWED to negotiate.