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Marcia Angell

High cost for me-too drugs

By Marcia Angell
February 12, 2007

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THE MEDICARE prescription drug benefit was a terrible piece of legislation. It prohibited Medicare from negotiating drug prices, even though those prices rise much faster than inflation. Containing costs was left to a few thousand private insurance companies, which also select the drugs covered and set premiums, deductibles, and co payments. Medicare simply pays the bill -- or some of ... (Full article: 741 words)

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