Check out our Diet Reviews on AOL Health!

New Medicare drug price bill approved

Categories: Diet & Weight Loss, Fitness

This past Thursday, a bill was approved by a U.S. Senate Finance Committee that would give the government the power to negotiate for better Medicare prescription drug prices.

This means that the pharmaceutical drug industry may have to tone down those 1,000% markups on many major drugs and settle for, gasp, lower profits. So be it, I say.

Since President Bush threatened to veto an earlier House bill on the same subject, this new Senate bill would require (not just permit) direct negotiation over prices by the government with drug companies.

What do you think? Should the government get involved in the private drug industry like this?

Recent Posts

Add your comments

New Users

Current Users

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

Recent Comments
Featured Writers
Bob GreeneReggie Casagrande
Bob Greene
Jonny BowdenJohn GanonJonny Bowden

Tanya ZuckerbrotFadil BerishaTanya Zuckerbrot
Liz Neporent Liz Neporent