I remember reading that part of the problem is that Medicare/Medicaid is not allowed to actually negotiate prices with drug companies but must pay the list pric

I remember reading that part of the problem is that Medicare/Medicaid is not allowed to actually negotiate prices with drug companies but must pay the list price. That seems ridiculous and a legally sanctioned way to basically milk the government and co-insurance payers is money. It appears to have been addressed by the Biden administration though: https://www.hhs.gov/about/news/2024/10/22/biden-harris-administrations-inflation-reduction-act-saves-medicare-enrollees-nearly-1-billion-just-first-half-2024.html https://www.hhs.gov/about/news/2024/10/22/biden-harris-admin...