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Your first statement isn't accurate. I used to work at a startup that dealt with Medicare. They have a process where they put contracts out to bid. In my compan
by replicatorblog 11y ago
Your first statement isn't accurate. I used to work at a startup that dealt with Medicare. They have a process where they put contracts out to bid. In my companies case their allowable reimbursement declined by 90% in a single year. They have plenty of power to put screws to suppliers and use their power effectively.
- ascorbic 11y agoHow can they put out to bid when a drug is patented with only one supplier?
- JacobJans 11y ago> He has asked Congress to let Medicare officials negotiate prices with drug manufacturers — a practice explicitly forbidden by current law. http://www.nytimes.com/2015/04/28/us/obama-proposes-that-medicare-be-given-the-right-to-negotiate-the-cost-of-drugs.html?_r=1 http://www.nytimes.com/2015/04/28/us/obama-proposes-that-med...