Bush said the same thing, so did Obama
But when the pharmacy lobby comes knocking on the door, they change their tune and we end up with a law that protects their profits and limits competition
Couldn't agree more....the GREATEST flaw with the ACA was Obama's inability to lower the drug costs.......
We should ALL be aware (regardless of party) that the freaking Congress actually passed a law PROHIBITING medicare from negotiating for lower drug costs.......it is rumored that big pharma actually WROTE the law and told the whores in congress to simply pass it.
Years ago I began to notice my insulin getting more and more expensive. It finally got to the point of almost unaffordable. What started at $25.00 a vial when I first became diabetic quickly went to $80.00 a vial.
In searching for the reason, I came up empty handed. I went all over Google, contacted the manufacturers themselves, and asked medical professionals. Nothing.
That was until I asked a pharmacist at my grocery store. She told me that Walmart made their own generic insulin, and perhaps I should try that. Walmart insulin? Not a chance.
After several months, I figured WTF have I got to lose, so I went to Walmart and found their brand only $25.00 per vial like I used to pay. But that wasn't the most shocking part. The most shocking part is that it was the exact same medication I've always purchased. Same manufacturer, same packaging, and the only difference was a ® on the box which stood for Walmart's generic name Reliance.
Bottom line: what Walmart did was make a dirty deal with the pharmaceutical company. They got my medication at bulk and sold it for a third of the price of any other pharmacy. To recoup some of that loss, the pharmaceutical company increased prices on everybody else. So if you had prescription coverage, you never questioned the price increases or cost. It was covered. If you paid cash like I did, you got screwed to the wall.
When we talk about Medicare negotiating prices, it would indeed bring down the cost of medications. However they are not just going to take the loss. They will increase the price of that same medication to those of us not on Medicare.
Nothing gained, nothing lost.