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> State and the Federal governments. The USG isn't the only governmental body in the USA. All are essentially blocked from negotiations by Federal law/policy.
by chimeracoder 7y ago
> State and the Federal governments. The USG isn't the only governmental body in the USA. All are essentially blocked from negotiations by Federal law/policy.
Why should the government "negotiate" prices that it's not paying? The prices are negotiated by the insurers who actually pay them, and they have far greater incentive than the government to keep them down.
This system appears to work in the vast majority of OECD countries, where drug prices are not actually set by a central authority (contrary to popular misconception).
- r00fus 7y agoThe governments are payers. Medicare and Medicaid are examples of single-payer entities where drug price negotiation is not currently allowed by law.
- chimeracoder 7y ago> Medicare and Medicaid are examples of single-payer entities where drug price negotiation is not currently allowed by law. No, Medicare doesn't negotiate drug prices because Medicare isn't a payer for pharmaceutical coverage. Those prices are negotiated by the private insurers who provide the benefits.