Lobbyists, campaign cash help drug industry stymie bid to restrain Medicare prescription costs | OpenSecrets Blog

When the 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 … read more…

Source: Lobbyists, campaign cash help drug industry stymie bid to restrain Medicare prescription costs | OpenSecrets Blog

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