Want to know how it's done in Germany?The government negotiates
a reasonable price for drugs. They don't pay more for drugs that dont seem
to be different than the old version. You can look up the drug and the standard
price in a database. Google "AMNOG" to learn more about it.The result? Germans pay FAR less than we do for drugs.Germany's method of price regulation could work in the US. It's fair and rewards drug companies for innovation, not just speculating
and minor alterations to existing formulas.
"Republican-controlled Congress approved a landmark program in 2003 to help
seniors buy prescription drugs, it slapped on an unusual restriction: The
federal government was barred from negotiating cheaper prices for those
medicines. Instead, the job of holding down costs was outsourced to the
insurance companies delivering the subsidized new coverage, known as Medicare
Part D."Sick of the high cost of Medicine? Just
thank a Republican.Don't even try to tell US how concerned the
GOP is about our healthcare!
So tell me is it wrong to allow Medicare to negotiate prices with the drug
companies? It seems that discounts for volume purchases is the American way!So why did our political class pass laws prohibiting Medicare from
negotiating lower prices from the big pharmaceutical companies?Were our
Senators trying to protect the profits from these companies?