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Note that the track record of government dictating what they'll pay for drugs is shortages. You drive prices as low as the drug companies can afford and the re
by LorenPechtel 2y ago
Note that the track record of government dictating what they'll pay for drugs is shortages. You drive prices as low as the drug companies can afford and the result is the drug companies don't make enough to pay for ensuring regular supplies even when things go wrong.
One plant has a problem and a whole bunch of patients don't get what they need. The government has caused chronic supply problems this way before and I do not trust them not to do so again.
- FireBeyond 2y agoThe flip side, government paying X for Y doses of drugs, is a captive market where the drug companies will charge what they like because they know the government has little to no choice but to pay.
- twoodfin 2y agoThat’s not how Part D works. There is no standard Medicare formulary, and the federal government isn’t buying medications directly: Seniors pick a Part D plan from a private provider—typically a large insurer with plenty of their own negotiation power.