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Response to democrattotheend (Original post)

Thu Dec 13, 2012, 05:39 PM

47. Republicans want Medicare cuts? Repeal the Bush legislation on prescriptions

When Medicare Part D was passed, the government was barred from negotiating lower drug prices with the prescription drug industry. It was reported that insurance companies could separately negotiate lower drug prices. However, there are millions uninsured, so obviously they would not benefit from insurance companies negotiating individually. It would be very interesting to see numbers of what funds could be saved if the Federal Government could negotiate those lower prices, and additionally, I am thinking if great savings could be achieved, that would also benefit participants in Obama Care (we can call it that now, right?).

Of course, the prescription drug companies would not be happy with that (and I am thinking the Republicans would not either, at least those that receiving campaign donations from these entities) that alternative could be President Obama's bipartisan compromise and Boehner could brag he achieved cuts in Medicare, sounds like a possible win/win to me.

Just started to think about this today, so perhaps I am missing something ....

Sam

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