Podcast Episode Recommendation for Deconstructed: Medicare Drug Pricing Negotiations Advance

So, today I am going to share a podcast episode which provides an interesting history of how Medicare ended up being unable to negotiate prescription drug prices which, on its face, seems like it SHOULD make no sense, but somehow price negotiations never happened and the reasons were really absurd. Naturally, since the list of the first 10 drugs to get Medicare price negotiations was published, there has also been considerable discussion of insulin prices which is the poster-child for how broken the prescription drug market is, and even more interestingly was how, included in the first round of Medicare price negotiations, was were Novo Nordisk ' s prandial insulins known as aspart, including both Novolog AND Fiasp (in vials, disposable pens and penfill cartridges), and the inclusion of those was seen as a victory not only for patient prices, as well as downstream costs which Congressional lawmakers have done absolutely nothing to address until now. Medicare Part D went into effect as part of the Medicare Modernization Act of 2003 and went into effect on January 1, 2006. At the time, President George W. Bush (Junior) was in office, and he enjoyed a Republican Congress (for at least part of his Presidency). The story of how that came to be was pretty interesting, and how Republicans passed that legislation, and how doing so put Democratic lawmakers into a bind, but it worked for Republicans for years, along with a huge giveaway to the pharmaceutical industry. An...
Source: Scott's Web Log - Category: Endocrinology Tags: 2023 Biden Centers for Medicare & Medicaid Services Joe Biden Part D price negotiations Source Type: blogs