Wednesday, December 24, 2003

Medicare Law Will Probably Limit Drug Discounts

"Every time the authors of this legislation had to choose between low prices and drug company profits, they chose the drug industry's profits."

Two provisions buried deep in the nearly 700-page Medicare drug law may limit the discounts that insurers and pharmacy benefit managers can get from drug makers - and, therefore, how far the new drug benefit for the elderly will stretch, executives say.

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