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Compromising Quality: The High Cost of Government Drug Purchasing

Some in Congress would make an already deeply flawed Medicare drug benefit worse by expanding the bureaucracy's power to manage and price prescription drug coverage, making seniors' coverage clearlyinferior to existing coverage through private-sector pharmacybenefit managers. The government should avoid imposing drugsubstitution, restricting market access, limiting intellectualproperty rights or pricing freedom, or extracting price concessionsby non-market means.
United States Rachel Zimmerman Tommy Thomson Joseph Lieberman Robert Goldberg Frederick Goodwin

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How Medicare's Drug Pricing Can Hurt R&D

Research and development is critical to the pharmaceutical industry. If drug prices increase, firms have more revenue -- and more incentive to invest in R&D. Allowing the federal government toset drug prices for Medicare Part D would reduce pharmaceuticalresources for medical innovations. The primary medical conditionaffecting a rising number of people aged 65 and over described hereis Alzheimer's disease.
United States New York Frank Lichtenberg Cheryls Smith America Ph Columbia University Graduate School Of Business

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