If Medicare is allowed to set drug prices, the world could end and other fairy tales.
If Medicare is allowed to set drug prices, the world could end and other fairy tales. The lobbying group PhRMA is warning of dire consequences if Medicare can negotiate drug prices according to Medpage Today, a popular website read by doctors and others involved in health care and health care decision making. The USA has the highest drug prices in the world partly due to Medicare’s policy of not negotiating drug prices. The Medicare drug plan does not allow Medicare to negotiate drug prices at all. Conversely, the VA system does and they pay much lower prices than Medicare. Instead
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