The bill avoids any cost containment. It actually says the Secretary of Medicare administrator cannot negotiate price reductions. There is nothing in the bill with these discount cards that would have any impact on the drug companies' ability to raise prices. So you might not save anything, right, if they raise the price and you get the same discount? You may end up paying more.
Frank Pallone: “The bill avoids any cost containment. It actually says the Secretary of Medicare administrator cannot negotiate price…”
Editor's note · Context
Discussing the implications of a bill related to the pharmacy industry and Medicare.
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