Posted inHealth Care

Why Letting Medicare Negotiate Drug Prices Won’t Be The Game-Changer For Health Care Democrats Hope It Will Be

Democrats hope their new health care, tax, and climate law begins to rein in soaring prescription drug prices. One of its most touted provisions allows Medicare, America’s health insurance program for seniors, to negotiate some prescription drug prices for the first time, with some calling it “game-changing” and a significant victory over the pharmaceutical industry. Drug manufacturers had stubbornly opposed any governmental regulation of drug prices for decades and are likely to challenge the measure in court.