Dems Propose Bill To Cut $141B In Medicare Drug Costs

Law360, Los Angeles (April 16, 2013, 10:19 PM EDT) -- Congressional Democrats on Tuesday introduced ambitious Medicare legislation that would cut $141.2 billion in federal government payments to drug companies by requiring that they give rebates for prescription drugs provided to low-income seniors and people with disabilities.

The Medicare Drug Savings Act, proposed by 19 Democratic and Independent U.S. senators, would restore discounts that pharmaceutical companies gave to the federal government for drugs used by beneficiaries who are dually eligible for both Medicaid and Medicare before Medicare Part D was enacted. The Senate bill, which was joined...
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