What Medicare Drug Price Negotiations Could Mean For You
to include a provision that allows Medicare to negotiate prescription prices in the $3.5 trillion social policy bill being debated right now.that with less of a monetary incentive, innovation by U.S. pharmaceutical companies could be stunted, but Klobuchar disagrees.
“Drugs are developed all over the world and these countries still have much less expensive drug prices—and our American companies are selling drugs all over the world,” says Klobuchar. “So I just don’t buy that—that this will stunt their innovation or growth. They’re competitors. They’re going to innovate. They’re going to meet market demands.
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