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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsQuestion on Medicare part D: How much does non-negotiation cost?
I have tried to google this, but can't seem to phrase the question right.
It would seem to me that this would be a good time for democrats in congress to go after the non-negotiating with drug companies for drug prices. Is that clear?
Can some one tell me or point me to an article that gives some idea what Medicare drug coverage now costs the country and how much could be saved through negotiating prices on drugs by the government.
I have seen articles which compare costs for individual drugs bought through Medicare versus another government program called Tricare.
Thanks in advance - maybe my brain is not off vacation yet.
doc03
(35,364 posts)pharma has then kind of bought and paid for?
rurallib
(62,448 posts)which could probably save medicare, period.
Junkdrawer
(27,993 posts)rurallib
(62,448 posts)Oilwellian
(12,647 posts)I remember the amount of $500 billion in extra costs over a 10 year period being discussed. I remember this amount so well because my initial reaction was, they're trying to break Medicare and this is how they're going to do it.
rurallib
(62,448 posts)basically it says tricare is 40 to 60% cheaper and the cost of Medicare part D is @$50B/year.
Thus if we could negotiate prices and save 50%/yr for 10 years that is $250B. I think that would satisfy real cost concerned Republicans.
It seems the extra 50% paid out now could be called an "entitlement" to the drug corps.