Negotiating Medicare Fees Would Save $30B: Study

Law360, New York (April 5, 2007, 12:00 AM EDT) -- Allowing Medicare to negotiate prescription drug prices could save United States taxpayers over $30 billion a year, according to a new report that looks at the costs of a law that prevents the government from seeking better deals on prescription drugs.

Seniors covered under Medicare’s Part D plan would save about $10 billion of that sum, according to the study by the Institute for America’s Future. Additionally, the government could bank another $5 billion if it allowed Medicare customers to buy their drugs directly from Medicare,...
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