Medicare Rx Drug Negotiations: Bush to veto drug bill

[brg5001]

http://www.marketwatch.com/news/story/bush-would-veto-bill-require/story.aspx?guid=%7B5EC9850B%2D05BB%2D474C%2D9F42%2D8AC7245CAE29%7D

From DowJones Marketwatch:
Bush would veto bill to require Medicare drug-price talks

WASHINGTON (MarketWatch) -- The White House on Tuesday said President Bush would veto legislation slated for debate in the Senate that would require the federal government to negotiate prescription-drug prices under Medicare. The White House, in a statement of administration policy, argued that private competition between drug-plan providers is working to hold down costs and that government negotiations would be counterproductive. "If were presented to the president, he would veto the bill," the White House said. Democrats say the bill would save money by harnessing the government's buying power

[rodeodance]

1. not surprizing to hear this. ----negotiating is a big word for the little mind.

[WCGreen]

3. Negotiating is supply and demand at work...

[endarkenment]

2. Good little ass-monkey: dig deep, dig furiously. nt.

[dragonlady]

4. The administration killed the Seniorcare drug program in Wisconsin

Wisconsin had a state-run program for seniors that negotiated with drug makers and provided coverage to seniors at a reasonable cost. It was able to continue under a waiver for a couple of years after Medicare part D started, but as of June it will end because the Bush administration refused to renew the waiver. Bah!