Democrat Moves To Allow Medicare Drug Price Negotiations

Law360, New York (September 17, 2012, 6:55 PM EDT) -- A bill introduced by U.S. Senate candidate Rep. Tammy Baldwin, D-Wis., on Thursday would allow the federal government to negotiate directly with drug companies for lower prices for prescription medications under the Medicare Part D program.

Baldwin said the bill would lower costs for Medicare beneficiaries, notably senior citizens, and end the “special interest boondoggle” that forbids Medicare from entering into such negotiations.

The congressman is running for a Senate seat in Wisconsin against Republican Tommy Thompson, who served as President George W. Bush's secretary for...
To view the full article, register now.