Re:Sneaky deals are keeping cheaper generic medicines off th...
by dragonwriter on Sunday June 30, 2019 @06:56AM
(#20317585)
> Medicare is already an enormous single payer system
No, it's not. It's a multipayer component (it involves both federal government and non-federal — both private and state government — payers, the latter, private specifically, exclusively for Part D, and both together in an arrangement loosely similar to the ACA with a default public option for the combination of Parts A-C) of a multipayer system, with the government part forbidden to use it's buying power to negotiate drug prices but instead required to accept prices set by other participants in private markets.
No, it's not. It's a multipayer component (it involves both federal government and non-federal — both private and state government — payers, the latter, private specifically, exclusively for Part D, and both together in an arrangement loosely similar to the ACA with a default public option for the combination of Parts A-C) of a multipayer system, with the government part forbidden to use it's buying power to negotiate drug prices but instead required to accept prices set by other participants in private markets.