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Title : Medicare Drug Negotiation Neb Fails Inward The Senate

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Medicare Drug Negotiation Neb Fails Inward The Senate

Democrats barbarous curt of the required 60-votes to top a nib that would convey allowed the Secretary of HHS the power to negotiate Medicare Part D drug prices. Democrats did larn 55 votes piece 42 Senators opposed the bill. The vote mostly followed political party lines.

The Medicare Part D drug negotiation nib was lilliputian to a greater extent than than a political charade anyway since the nib would non give HHS whatsoever leverage inwards negotiating Medicare Part D drug prices. Unless Medicare has the correct to exclude a drug from coverage nether Medicare, in that location isn't whatsoever argue for a drug manufacturer to lower their price. The lack of whatsoever negotiating leverage made this a pretty hollow bill.

If the nib had passed too been combined amongst a similar (and simply every bit hollow) House bill, President Bush would convey vetoed it making this a simply a political exercise.

Even though this was a really weak bill, the pharmaceutical industry pulled out all of the stops to kill it. Their worry was that fifty-fifty this weak nib could convey been manipulated past times rule into something to a greater extent than powerful past times a time to come Democratic Secretary of HHS. If zip else, it likewise represented the "camel's olfactory organ nether the tent" since it could convey served every bit the footing of an expansion past times a to a greater extent than liberal Congress too President downward the road.

Ironically, private Medicare Part D insurance companies convey this leverage--they tin exclude a detail manufacturers production (although they must include drugs from every class) or house it inwards a co-pay tier that puts it at a disadvantage from competitors drugs. That leverage makes it possible for insurers to larn lower prices.

You tin likewise take away heed my Midweek eventide comments on world radio's "Marketplace:" Medicare Drug Bill Stalls

My Jan comments on the House drug negotiation bill: The Democrats Hollow Part D Proposal

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