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House passes Medicare drug negotiation bill
Comments
"...apparently believing that Congress had in fact been responsible prior to Friday".
Genius.
Sounds like legislative vapor-ware to me. Prices for drugs are already negotiated - by payors.
Before you can negotiate drug prices, you have to designate a formulary. Do we really want one national formulary for all of us? And just look at the VA's formular to get an idea of what a thrifty national formulary might look like - lots of current meds that are important to some patients would be left out.
A bigger problem is the lack of uncontrolled prices for drugs. When countries like Canada negotiate big discounts, and laws prohibit reimportation, market pricing is eliminated. The Dems would make a bigger impact if they just allowed reimportation, ending the US subsidization of drugs in Canada and other wealthy countries. The return to market driven pricing is arguably the best method for finding the best balance between prices, and profits pharma needs to maintain innovation.





