[Ip-health] Trump and Prescription Drug Prices
MarcAndreGagnon at cunet.carleton.ca
Thu Nov 17 06:23:49 PST 2016
Yes, but this was pure BS. Medicare part D buys around $75 billions/year of prescription drugs.
Difficult to save $300 billions out of a budget of $75 billions...
I had a paper on this with Sidney Wolfe: http://carleton.ca/sppa/wp-content/uploads/Mirror-Mirror-Medicare-Part-D-Released.pdf
Note that by itself, Medicare Part D represents 7% of the world's market for prescription drugs, the bargaining power could be huge but we estimated potential savings at around $16 billions/year.
All the best,
Marc-André Gagnon, PhD
Visiting Professor, University of Ottawa
tel: 613-562-5800 x3286
e-mail: ma_gagnon at carleton.ca
Ottawa Centre for Health Law, Policy and Ethics
Ottawa, ON (Canada)
From: Ip-health [mailto:ip-health-bounces at lists.keionline.org] On Behalf Of Jamie Love
Sent: 17 novembre 2016 02:41
To: Matthew Flynn
Subject: Re: [Ip-health] Trump and Prescription Drug Prices
Relevant is this from his campaign:
on, N.H., that Medicare, a huge buyer of prescription drugs, could "save
$300 billion" a year if it negotiated discounts.
"We don't do it," he said. "Why? Because of the drug companies."
On Wed, Nov 16, 2016 at 10:40 PM, Matthew Flynn <matthewflynn2 at gmail.com>
> "Donald Trump and his congressional allies are making big plans to
> repeal the Affordable Care Act and overhaul other government health programs.
> But the president-elect appears to have downgraded plans to act
> aggressively to control rising drug prices, handing the pharmaceutical
> industry an early victory and providing another illustration of the
> influence of lobbyists on the new Trump administration, despite
> Trump’s promise to “drain the swamp” of special interests in Washington."
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> Ip-health at lists.keionline.org
James Love. Knowledge Ecology International http://www.keionline.org/donate.html
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