A new study says allowing Medicare to negotiate lower drug prices would save $20 billion per year.
Well, it ain’t gonna happen, after Big Pharma put its bought-and-paid-for politicians to work last week to stop proposed legislation. Here’s a nice analysis showing, point by point, how the bill’s opponents distorted the facts in their campaign against the proposal.
By the way, did you know that the cost of drugs has quintupled in the past decade? And that in 2005, Big Pharma’s profit was 16 percent of revenues — compared to only six percent for all Fortune 500 firms? These are just a couple of tidbits from Sen. Barack Obama’s statement after the Senate blocked the Medicare bill.







One Response to Medicare negotiation would save $20 billion per year
Leave a Reply Cancel reply
-
-
-
How to Safely Buy Prescription Drugs Online from Cary Byrd on Vimeo.
-
Search Blog Posts
-
Trending Content
-
Blogroll
- Bullet Wisdom
- Christian Social Network
- DrugWonks.com
- Eye on FDA
- GoozNews
- Health 2.0
- In the Pipeline
- Jesus Christ Our King
- Kevin, M.D.
- Pharm Aid
- Pharma Marketing
- PharmaGossip
- Pharmalot
- San Antonio Asphalt
- San Antonio Life Insurance
- San Antonio Pressure Washing
- The Angry Pharmacist
- The Health Care Blog
- The Peter Rost Blog
- World Vision
-
Tags
big pharma Canadian drugs canadian pharmacies canadian pharmacy consumer reports craig newmark divine healing Drug costs drug prices Drug reimportation eDrugSearch.com FDA Fosamax Generic drugs healing scriptures Health 2.0 healthcare reform Hypertension Jehova Rophe Jesus Christ Lipitor Metformin miracles nabp online pharmacy dictionary online prescriptions osteoporosis peter rost Pharmacies pharmacists pharmacychecker pharmacy spam phrma Prescription drug coupons Prescription drugs prescription medication Proverbs 3:5-8 reimportation relenza Roche saving money swine flu Tamiflu The Great Physician The Lord our Healer -
Archives
- July 2013 (12)
- June 2013 (8)
- May 2013 (8)
- April 2013 (8)
- March 2013 (10)
- February 2013 (14)
- January 2013 (6)
- August 2012 (2)
- July 2012 (1)
- June 2012 (1)
- April 2012 (6)
- March 2012 (3)
- February 2012 (1)
- January 2012 (2)
- November 2011 (2)
- June 2011 (2)
- August 2010 (1)
- July 2010 (2)
- June 2010 (2)
- May 2010 (3)
- April 2010 (4)
- March 2010 (5)
- February 2010 (4)
- January 2010 (1)
- November 2009 (2)
- October 2009 (6)
- September 2009 (7)
- August 2009 (11)
- July 2009 (12)
- June 2009 (18)
- May 2009 (14)
- April 2009 (10)
- March 2009 (13)
- February 2009 (10)
- January 2009 (10)
- December 2008 (24)
- November 2008 (22)
- October 2008 (27)
- September 2008 (28)
- August 2008 (23)
- July 2008 (30)
- June 2008 (32)
- May 2008 (29)
- April 2008 (27)
- March 2008 (19)
- February 2008 (26)
- January 2008 (35)
- December 2007 (23)
- November 2007 (26)
- October 2007 (36)
- September 2007 (25)
- August 2007 (33)
- July 2007 (36)
- June 2007 (31)
- May 2007 (32)
- April 2007 (22)
- March 2007 (22)
- February 2007 (29)
- January 2007 (18)
- December 2006 (56)
- November 2006 (16)
-
Recent Comments
- Sophie on Reclast’s “jaw problems” caused by too many warnings, spoken too quickly?
- Marcy on How to Get Coupons on Prescription Drugs
- Cary Byrd on Maine Becomes First State to Allow Prescription Drug Importation from Licensed Mail-Order Pharmacies
- brenda eppinette on Maine Becomes First State to Allow Prescription Drug Importation from Licensed Mail-Order Pharmacies
- Ranee on What is the Difference Between Effexor and Cymbalta?
Good ol George. We negotiate with the VA (Champus), which is a huge govt. entity. Yet medicare is apparently too risky, which explains that donut hole in the medicare benefit as well.