More leeway for drug price negotiation

Wechsler, Jill
March 2005
Managed Healthcare Executive;Mar2005, Vol. 15 Issue 3, p14
Trade Publication
This article reports that one important, but less-noticed, provision in the Medicare program exempts Medicare drug plans from the "best price" policy that limits the ability of health plans and PBMs to negotiate low drug prices. Now the administration of U.S. President George W. Bush is looking to drop the best price requirement for all drug purchasers. The feds subsequently provided an exemption from best price for drugs purchased by the Veterans Administration and other government agencies, including the new Medicare program.


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