Wednesday, March 14, 2018

News - Bad Medicine: How Politicians Jack Up Medicaid and Medicare Prices | Heartland Institute

 News - Bad Medicine: How Politicians Jack Up Medicaid and Medicare Prices | Heartland Institute
"The other day a reporter asked me to explain why the government cannot negotiate the price of Medicare drugs lower than private drug plans run by pharmacy benefit managers (PBMs).
...Medicare and Medicaid often lack the political will (and sometimes the legal right) to preclude drugs when the price is egregious.
By contrast, private drug plans run by PBMs at least have the ability to pit one drug in a given class against similar drugs.
This forces the drugs’ manufacturers to compete by bidding lower prices if they want to be included in the formulary of preferred drugs to which plans steer most members..."
Read on!

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