Medicare Bill Favors Drug Companies Over Seniors

News and Opinion for Democrats Against Bush - Part I b

Medicare Bill Favors Drug Companies Over Seniors

"Sager said the primary reason for the jump in profits is that neither Congress nor the administration would negotiate for price discounts in the same way that the Department of Veterans Affairs and other government agencies now bargain with pharmaceutical companies ... " --Ceci Connolly, Washington Post

washingtonpost.com

Drugmakers' Profits May Soar
Proposed Medicare Bill Could Generate $139 Billion, Study Finds

By Ceci Connolly
Washington Post Staff Writer
Friday, October 31, 2003; Page A05

The complete article is currently (3/25/04) available on the Washington Post website at-- http://www.washingtonpost.com/ac2/wp-dyn/A44270-2003Oct30?language=printer [found through a Google search by article title on the same date]

If Congress reaches an agreement on a landmark $400 billion Medicare prescription drug bill, the pharmaceutical industry stands to make a "windfall profit" of at least $139 billion over eight years, according to an academic study released yesterday. ...

Archived Washington Post articles may be purchased online at-- http://pqasb.pqarchiver.com/washingtonpost/search.html?nav=left

http://www.washingtonpost.com/wp-dyn/articles/A44270-2003Oct30.html?referrer=email

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