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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (754172)11/12/2006 8:46:16 PM
From: pompsander  Read Replies (1) | Respond to of 769667
 
The strongest support, 92 percent, was for lowering drug prices for retirees on Medicare by allowing the government to negotiate directly with drug companies. Some three-quarters of respondents said it should be a top priority, according to Newsweek

Of all the no-brainers, this is the biggest of all! The government has enormous, enourmous bargaining power and yet the republican congress would not allow past proposals to put that power to work in negotiating lower drug prices for Medicare Part D. Why?...because the pharmacutical companies did not want their margins impacted. Why couldn't we get drugs from Canada? Because they weren't "safe" (the industry argument)..of course not. It was because the big pharma did not want those margins pressured.

This is a multi-billion dollar item, all by itself. Private industry is already doing it as are coalitions, but nobody has to size and negotiating leverage of government itself....if it wants to.