Re:Three Levels of Wealth
by refurb on Thursday August 02, 2018 @03:50PM
(#17674872)
Notable exceptions include Medicare in the US being legally forbidden from negotiating drug prices.
That's not really accurate. Medicare doesn't negotiate, they just defacto tell drug companies what they'll pay. Plus on the outpatient side, it's the private insurers who negotiation on behalf of Medicare.
At any rate, drugs are ~10% of all Medical costs. Why hasn't Medicare negotiated down the other 90%?
That's not really accurate. Medicare doesn't negotiate, they just defacto tell drug companies what they'll pay. Plus on the outpatient side, it's the private insurers who negotiation on behalf of Medicare.
At any rate, drugs are ~10% of all Medical costs. Why hasn't Medicare negotiated down the other 90%?