Politics Magazine

Why Can’t Medicare/Medicaid Negotiate Prescription Drug Prices?

Posted on the 27 November 2012 by Eastofmidnight

I’m not the brightest bulb in the lamp, but I’m not the dimmest either. So I’m going to ask the question that has been with me for a while.

If Medicare and Medicaid costs need to be contained AND prescription drug costs are a big part of that; why, in the name of all that is holy, is it federal law that Medicare and Medicaid cannot negotiate drug prices with big pharma?

Why is it that the rest of the advanced industrialized West spends less on drugs than the US does?

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