Register Now
Why register?
Login
 The leading web portal for pharmacy resources, news, education and careers January 22, 2019
Pharmacy Choice - Pharmaceutical News - Warner, Kaine Back Bill to Allow Medicare to Negotiate the Price of Prescription Drugs - January 22, 2019

Pharmacy News Article

 1/11/19 - Warner, Kaine Back Bill to Allow Medicare to Negotiate the Price of Prescription Drugs

WASHINGTON, Jan. 10 The office of Sen. Tim Kaine, D-Virginia, issued the following news release:

* * *

- Bill would cut costs for 43 million seniors enrolled in Medicare Part D ~

* * *

U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) joined Sen. Amy Klobuchar (D-MN) and 29 other Senators in reintroducing legislation today to allow Medicare to negotiate the price of prescription drugsa move that would cut costs for nearly 43 million seniors enrolled in Medicare Part D.

"Medicare Part D enrolls over 43 million seniors nationwide, meaning that they have enormous bargaining power. However, seniors cannot utilize this power without a seat at the negotiating table," said Sen. Warner. "This bill takes a commonsense step that will finally allow the government to use its purchasing power to negotiate lower drug prices for seniors on Medicare."

"For years I have pushed to make prescription drugs more affordable for seniors, many of whom are on fixed incomes," Sen. Kaine said. "In the wealthiest nation in the world, our seniors should not have to choose between paying for their medication and putting food on the table or heating their homes."

Currently, the law forbids Medicare from using its purchasing power to negotiate lower prices from prescription drug companies. The Empowering Medicare Seniors to Negotiate Drug Prices Act would authorize the Secretary of Health and Human Services to directly negotiate price discounts with drug companies for the Medicare Prescription Drug Program. The bill would do this by eliminating the "non-interference" clause in the Social Security Act that expressly bans Medicare from negotiating better prices.

A bipartisan version of this bill is being led in the House of Representatives by Representatives Peter Welch (D-VT) and Francis Rooney (R-FL).



© 2019 Targeted News Service

Pharmacy News Index
  Drug Delivery Systems
  Drugstores
  FDA Final Approvals
  Front Page Healthcare News
  Generic Drugs
  Hospital Industry
  Internet Pharmacy
  IT in Healthcare
  Medicare & Medicaid
  Over-the-Counter Drugs
  Pharm Industry Trends and Policy
  Pharmaceutical Development
  Pharmaceutical Industry

LIVE ONLINE CE

Last Chance
Jan 22: Medication Use During Pregnancy & Lactation
Last Chance
Jan 23: ADHD in Children & Adults: Etiology, Pathology, Pharmacotherapy
Jan 24: COPD Update for Pharmacy Professionals
Jan 28: From Memory to Alzheimer’s - Supporting Memory With Lifestyle Medicine
Jan 29: Biosimilar Drugs: Legal, Regulatory & Safety Considerations
Click for entire Webinar Calendar

Special Announcement

Free Membership
Enjoy Drug Search, industry newsletters and more...

Nursing Jobs
Are you a nurse looking for a job?

Check out the Nursing Job Source.

Your number one choice for nursing jobs.



Websites » RxCareerCenter.comRxSchool.comClubStaffing.comNursingJobSource.comRN.com
Copyright © 2019 Pharmacy Choice - All rights reserved.
Terms and Conditions | Privacy Statement
888-682-4415