"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
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