‘Negotiating’ Drug Prices for Medicare

SINCE THE MEDICARE PRESCRIPTION DRUG, IMPROVEMENT, AND MODERNIZATION ACT (ALSO CALLED THE MEDICARE MODERNIZATION ACT, OR MMA) WAS PASSED IN 2003, DEMOCRATS HAV E BEEN ARGUING THAT MEDICARE SHOULD BE ABLE TO “ NEGOTIATE ” DRUG PRICES , USING THE POWER OF THE FEDERAL GOVERNMENT AS A MAJOR PURCHASER TO PRODUCE LOWER PRICES THAN WOULD…

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