Group Rails against House Bill, Claims It Raises Part D Costs

The Council for Citizens Against Government Waste, a Washington, DC-based watchdog group, claims a House bill will upset the market dynamics behind Medicare Part D and raise costs for consumers. "The most significant impact of the bill would be to undermine the negotiations that occur among pharmacy benefit managers, drug companies and pharmacies,” says Council President Tom Schatz. “Such negotiations have succeeded in driving down the cost of prescription drugs, not raising them." The bill in question, HR 244 was introduced last year and would require pharmacy benefit managers, who process and pay prescription drug claims, to update drug prices at least once every seven days and disclose the sources used to make the adjustm [...]

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