Penelope
Diamond Member
- Jul 15, 2014
- 60,260
- 15,767
- 2,210
Oh I'm sure the med companies will love this, passing the cost to the patient on Medicare, Part D is a disaster unless one is on a generic drug. He thinks insurers can better negotiate prices, the free market, just like what is happening with net neutrality.
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http://money.cnn.com/2018/05/10/news/economy/drug-prices-trump-speech/index.html
The federal government currently pays providers 6% more than the average price of those medicines. This also gives manufactures the incentive to raise prices and gives providers the incentive to select more expensive medicines. Among the ideas under consideration by the Trump administration are moving Part B coverage into the Part D program, where insurers can better negotiate prices, and requiring manufacturers to provide more accurate sales data to make sure they don't exclude discounts.
And
Part B covers most drugs administered by your provider or at a dialysis facility, but the provider or facility must buy and supply the drugs. Part B also covers some outpatient prescription drugs, mainly certain oral cancer drugs (chemotherapy). Outpatient drugs previously paid for by Part B will continue to be paid for by Part B. Part D cannot pay for any of your drugs that are covered by Part B. (unless Trump changes it)
Prescription drug coverage (Parts A, B, and D) - Medicare Interactive
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http://money.cnn.com/2018/05/10/news/economy/drug-prices-trump-speech/index.html
The federal government currently pays providers 6% more than the average price of those medicines. This also gives manufactures the incentive to raise prices and gives providers the incentive to select more expensive medicines. Among the ideas under consideration by the Trump administration are moving Part B coverage into the Part D program, where insurers can better negotiate prices, and requiring manufacturers to provide more accurate sales data to make sure they don't exclude discounts.
And
Part B covers most drugs administered by your provider or at a dialysis facility, but the provider or facility must buy and supply the drugs. Part B also covers some outpatient prescription drugs, mainly certain oral cancer drugs (chemotherapy). Outpatient drugs previously paid for by Part B will continue to be paid for by Part B. Part D cannot pay for any of your drugs that are covered by Part B. (unless Trump changes it)
Prescription drug coverage (Parts A, B, and D) - Medicare Interactive