Pros and Cons of Allowing the Federal Government to Negotiate Prescription Drug Prices
Publication Date: February 2005
Publisher: Library of Congress. Congressional Research Service
Author(s):
Research Area: Health
Type:
Abstract:
The Medicare Prescription Drug, Improvement, and Modernization Act (MMA) expressly forbids the Secretary of Health and Human Services (HHS) from negotiating the price of prescription drugs on behalf of Medicare beneficiaries. This report outlines the arguments for and against allowing the federal government to negotiate prescription drug prices on behalf of Medicare beneficiaries. This report will be updated, as needed.
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