Will Drug Price Negotiations Really Ever Occur?

 


Visitors: 141

Since the Democrats have taken control of the House, the word around town is that Nanci Pelosi is going to shake things up. First on her itinerary, to allow Medicare to negotiate with drug manufactures the price of it purchases its prescription medication. Although this should bring the cost of Medicare down, will this lofty goal ever materialize?

Recently, the United States House of Representatives passed a bill with a vote of 255 to 170. If that bill becomes a law, this would allow drug prices to be negotiated by the Secretary of Health and Human Services.

Opponents of the bill argue that interference with the current system will decrease the amount of competition in the market, driving current prices even higher.

While both sides battle it out, the consumers are stuck in the middle, destined to pay the high, ever-increasing cost of prescription drugs that is rising at more than double the rate of inflation.

Will the bill make it through and take away the high cost healthcare burden placed upon senior citizens and the beneficiaries of Medicare? No. Odds are the bill will not make it passed the veto promised by the president. As goedwardsville.com points out, “we hope it will at least allow (not necessarily mandate) for price negotiation on the part of the federal government, in the event private insurers and manufacturers fail the public's trust and prices continue to skyrocket. ”

goedwardsville.com also points out that a recent Kaiser report states that 80 percent of Americans favor allowing price negotiations with prescription drug manufacturers in order to drive down the cost of Medicare.

For more information on ordering from an online foreign pharmacy .

Cathlene Martinez has established herself as a pioneer in the online pharmaceutical resource industry. She has been innovating the industry since 2000 and is currently the president of http://www.freebeeforeignpharmacy.com For more information on ordering from online foreign pharmacies .

(331)

Article Source:


 
Rate this Article: 
 
Drug Rehab Is Needed If You Notice These Drug Warning Signs
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Drug Rehab and Drug Detox for Abusers is Not Enough to Handle Prescription Drug .

by: Gloria B. MacTaggart (March 18, 2008) 
(Health and Fitness/Substance Abuse)

Drug Rehab - Finding the Right Drug Rehabilitation Process is Crucial in ..

by: Jimmy Wilson (March 18, 2007) 
(Health and Fitness)

The Importance of a Drug Free Workplace and Creating a Drug Testing Policy for ..

by: Serhat Pala (July 14, 2006) 
(Business/Management)

Forex Price Action Trader - How To Use The Vertical Price Bar In Price Action ..

by: Peter Lim (February 09, 2007) 
(Finance)

Christian Drug and Alcohol Rehab Center Resources For Drug Addiction

by: Ned Wicker (October 04, 2008) 
(Self Improvement/Addictions)

Is New Drug Detox and Rehab Drug Combination a Viable Treatment Option?

by: Gloria B. MacTaggart (December 13, 2007) 
(Health and Fitness/Substance Abuse)

Needing Drug Detox Is Not The Only Downside of Prescription Drug Addiction

by: Rod MacTaggart (April 02, 2008) 
(Health and Fitness/Substance Abuse)

Prescription Drug Addiction What Does it Take to Keep Your Family and Friends ..

by: Gloria B. MacTaggart (July 18, 2008) 
(Health and Fitness/Substance Abuse)

How To Cure Your Drug Addiction Without Entering A Drug Rehab Program

by: Al Gammate (December 06, 2007) 
(Health and Fitness/Substance Abuse)

Drug Rehab Is Needed If You Notice These Drug Warning Signs

by: Rod MacTaggart (December 13, 2007) 
(Health and Fitness/Substance Abuse)