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It's worse. They want Ozempic for all through Medicare. At those prices that's 3 trillion dollars. As RFK Jr. put it, for $3T we could give every man, woman, an
by slowmovintarget 2y ago
It's worse. They want Ozempic for all through Medicare. At those prices that's 3 trillion dollars. As RFK Jr. put it, for $3T we could give every man, woman, and child in the United States three organic meals a day. Or pay for gym memberships, which would be even cheaper.
The President could issue an executive order saying Medicare won't pay a higher price than EU nations or Canada. If they want to raise their prices there, fine. But we're not going to be the ones paying through our nose because you think the American taxpayers have bigger bank accounts.
- switch007 2y ago> They want Ozempic for all through Medicare. Right. It seems pretty obvious who is behind all these media articles proposing these drugs being given to all overweight people.
- nradov 2y agoThe President has no statutory authority to issue such an executive order. We don't live in a dictatorship.
- slowmovintarget 2y agoMedicare is provided by the Department of Health and Human Services, which is part of the Executive branch of the U.S. federal government which is answerable to... the President. We don't live in a dictatorship, but the President absolutely has the power to say how much Medicare is willing to pay for a particular drug. President Biden could do this today, if he chose. The President can't say how much pharmaceutical companies may charge. But that's not what we're talking about here.
- nradov 2y agoNope. You're making things up. Just because the Department of Health and Human Services is part of the Executive branch doesn't mean they can obey an illegal order from the President. Medicare is authorized to negotiate drug prices in certain limited ways. But that doesn't extend to setting a maximum price by executive fiat. Instead of posting nonsense you could try reading the law. https://www.cms.gov/inflation-reduction-act-and-medicare/medicare-drug-price-negotiation https://www.cms.gov/inflation-reduction-act-and-medicare/med...
- slowmovintarget 2y agoAn executive order directing the implementation of reference pricing is not illegal and is permitted under the ACA. Reference pricing includes being able to say, for example, that Medicare won't pay more than the cost of the same drug in Germany. I'm not making things up, you're just ill informed. https://www.ssa.gov/OP_Home/ssact/title11/1115A.htm https://www.ssa.gov/OP_Home/ssact/title11/1115A.htm
- nradov 2y agoNothing in the Affordable Care Act of 2010 grants the President (or any part of the executive branch) the statutory authority to implement reference pricing or otherwise set a limit on the prices of prescription drugs purchased under Medicare Part D. Your citation of 42 U.S.C. § 1315a is irrelevant and concerned with entirely separate programs. For something more relevant see 42 U.S.C. § 1320f as well as the current CMS guidance. The law requires a defined drug selection and negotiation process which can't be overridden by executive order. https://www.cms.gov/files/document/medicare-drug-price-negotiation-final-guidance-ipay-2027-and-manufacturer-effectuation-mfp-2026-2027.pdf https://www.cms.gov/files/document/medicare-drug-price-negot...