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The 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 governmen
by FireBeyond 2y ago
The 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.