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,...
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.