Congress Tackles Medicare Drug Plan

Law360, New York (January 10, 2007, 12:00 AM EST) -- Democrats in the U.S. House of Representatives are scheduled Friday to consider – and likely pass – legislation that would allow the government to negotiate with drug companies to get lower Medicare drug prices.

The party is focused on how the 2003 Medicare law prohibits the government from negotiating with pharmaceutical companies to decrease drug costs for beneficiaries. The Democrats have said that drug companies are making money off of American seniors.

House Speaker Nancy Pelosi (D-Calif.) and other Democrats believe that negotiating directly with drug...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.