3 ms·
Yes, in any negotiation, either party can walk away. But it’s a strange kind of “negotiation” where one party gets to take much of what they wanted in the firs
by twoodfin 3y ago
Yes, in any negotiation, either party can walk away.
But it’s a strange kind of “negotiation” where one party gets to take much of what they wanted in the first place when the other party walks away.
When people hear “Medicare negotiating drug prices”, they think, “The feds using their purchasing power to negotiate lower rates.”
But existing Part D purchasers were already giants like Aetna, with tons of leverage of their own. It wasn’t enough, so now we have selective price-fixing, dressed up as a “negotiation”.
Maybe it’s a great policy, but if so, its supporters should stop lying about what it is and defend it on the merits.
- toomuchtodo 3y ago> Maybe it’s a great policy, but if so, its supporters should stop lying about what it is and defend it on the merits. Agreed! "The Federal Government is using its authority to dictate reasonable Medicare pricing to pharma companies that have a proven history of gouging the American public for self enrichment of management and shareholders." is a reasonable way to communicate the topic. Be honest, of course, but steamroll bad actors. They'd withhold medical necessities if it earned them a few more cents per share, the evidence on this is clear. https://features.propublica.org/drug-prices/high-cost-drugs-the-price-they-pay/ https://features.propublica.org/drug-prices/high-cost-drugs-... https://youtu.be/3b7IL1sSOoE https://youtu.be/3b7IL1sSOoE https://youtu.be/mxBaboLLJOg https://youtu.be/mxBaboLLJOg
- toomuchtodo 3y agoAdditional citation: https://kffhealthnews.org/news/article/biden-drug-pricing-caps-inflation-reduction-act-pharma-reaction/ https://kffhealthnews.org/news/article/biden-drug-pricing-ca... (“Patients See First Savings From Biden’s Drug Price Push, as Pharma Lines Up Its Lawyers”)