Medicare drug price “arbitration” is bad policy and bad politics

Donald Trump and Nancy Pelosi finally agree on something.

The Speaker of the House wants to change how Medicare pays for drugs. She believes that once the FDA approves a new treatment, government-appointed “independent” arbitrators should determine a fair price for these medicines.

That’d be a big change. Right now, for drugs picked up at the pharmacy, private insurers who sponsor Medicare plans negotiate directly with drug manufacturers. For advanced medicines, Medicare reimburses providers based on the average, market-based sales price.



To read more please log in or subscribe to the digital edition


The Dewey County Record

P.O. Box 117
Seiling, OK 73663
PH: (580) 922-4296
FAX: (877) 420-6331