The problem being the high cost of specialty drugs, some of which can cost $600,000 per year.
Senator Hatch, who, with Rep. Waxman, enacted the law to allow generic regular (i.e., chemical) drugs, is working on a similar bill for specialty drugs.
Senator Snowe has introduced a bill allowing the government to negotiate the price of drugs with the drug companies. They are not allowed to do so now. Can you imagine having that market power and not being able to use it? This is one of the reasons why the cost of the Medicare prescription program is astronomical (it's now at $720 billion over 10 years).
No comments:
Post a Comment