tci Medicare Compliance & Reimbursement - 2007 Issue 4

LEGISLATION ~ New Part D Bill May Not Lower Your Patients' Drug Prices

Congress passes legislation despite federal disapproval. Amidst heated debate over the efficacy of current Part D legislation, the new House passed H.R. 4, the Bipartisan Prescription Drug Negotiating Authority Bill on Jan. 12 by a vote of 255 to 170. "[The] vote is a resounding victory for American's seniors over the special interests," House Speaker Nancy Pelosi said. Despite Speaker Pelosi's optimism, skeptics allege that the proposed changes to Part D could negatively impact Medicare beneficiaries.Proposed changes include a requirement that the Department of Health and Human Services' (HHS) secretary negotiate with the pharmaceutical industry on...

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