" ... late-term bid to lower prescription drug costs" APNEWS

"President Donald Trump said in announcing the new policy at the White House. “I just hope they keep it. I hope they have the courage to keep it,” he added, in an apparent reference to the incoming Biden administration, while noting the opposition from drug company lobbyists.

The two finalized rules, long in the making, would:

— Tie what Medicare pays for medications administered in a doctor’s office to the lowest price paid among a group of other economically advanced countries. That’s called the “most favored nations” approach. It is adamantly opposed by critics aligned with the pharmaceutical industry who liken it to socialism. The administration estimates it could save $28 billion over seven years for Medicare recipients through lower copays. It would take effect Jan. 1."

"— Require drugmakers, for brand-name pharmacy medications, to give Medicare enrollees rebates that now go to insurers and middlemen called pharmacy benefit managers. Insurers that deliver Medicare’s “Part D” prescription benefit say that would raise premiums. The nonpartisan Congressional Budget Office estimates it would increase taxpayer costs by $177 billion over 10 years. The Trump administration disputes that and says its rule could potentially result in 30% savings for patients. It would take effect Jan. 1, 2022."  APNEWS

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Bad Orangeman!  Bad!  Hurting poor pharma company profits!  Bad!  Why should the nasty Deplorables pay the same price for American developed drugs as the dear sweet Canadians?  After you!  No.  No.  After you.  (Canadian customary speech).

Orangeman was very specific in his spiel and said that the pharmies tried to screw him, actually DID screw him, in their election advertising and that payback although a bitch is sweet.

Deplorables cry out "Good Orangeman!  Good!"  pl

https://apnews.com/article/donald-trump-medication-prescription-drug-costs-medicare-prescription-drugs-e171198402445755b920842ded293b59

Comments

[walrus]

Eric Newhill, It would help if you could read your own link. You can get reconstruction in a no cost public facility, but you might wait for it. We have private insurance anyway as does at least 50% of the population, it costs us about $6000 per year. Frankly here nobody has to worry about cost of treatment. The American concept of medically induced bankruptcy is alien to us.

My late partner was treated for her cancer at the Peter Macallum centre, a world class facility, for FREE as a public patient. She had no insurance which was an ideological choice. She eventually passed away from it but it was not because she was wanting for any treatment.

Perhaps you are confusing that episode with my current wife’s experience ?

The gaslighting is being done by big pharma because it seems impossible to convince you that there are better systems than America’s.

[turcopolier]

walrus and Eric

OK I have heard all the bickering between the two of you that I want. Enough!

[EricNewhill]

Done, Sir.