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Medicare Drug Program Is Criticised

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Medicare Drug Program Is Criticised

Postby CHUQ on Sun Oct 14, 2007 3:49 am

It may not be all that.


WASHINGTON -- The Republicans who created a prescription-drug benefit for Medicare four years ago said private health insurers would be more efficient than the federal government at providing the coverage. Now Democrats say they have proof that isn't the case.

A new analysis, compiled by congressional investigators at the request of Rep. Henry Waxman (D., Calif.) and set to be released in the coming week, said private insurers selling Medicare-funded drug coverage aren't getting "significant" discounts from drug makers and that the discounts they receive aren't always shared with Medicare beneficiaries.


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Postby Tumbleweed on Sun Oct 14, 2007 9:56 am

The government has a good faith policy with insurance providers but there isn't any oversight to insure they hold up their end of the bargain. As for prescription-drug prices, the only way to ensure lower prices is to to insure more generic drugs come to market quicker by addressing the patent issues.
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Postby CHUQ on Mon Oct 15, 2007 4:41 am

That would be nice, but they will continue the way it is, the Drug copanies need to make their R&D back, before it becomes cheaper. At least that is the way it looks to me.
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Postby Tumbleweed on Mon Oct 15, 2007 8:09 am

Thanks to drug lobbyist nothing will change.
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Postby CHUQ on Fri Oct 19, 2007 3:37 am

I regret that the only way to change this and other probs is to change everything about Washington.
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