Q: What three factors in a 2003 federal law have boosted the price of prescription drugs?
Answer:
- banning the import of cheaper medicines from Canada,
- forcing 7 million Medicaid patients to buy drugs that lack price limits
- requiring private insurance plans to stay “small and numerous” to keep them from gaining leverage and bargaining with drug makers.
Related Facts:
- President Bush got $1.17 million from the drug companies for his 2004 reelection campaign
- Bush has promised to veto a Democrat bill that would modestly change prescription legislation.
- To block this legislation, drug lobbyists plan to ignore the House and focus on the Senate where 51 members are Democrats and 49 are Republicans. And 60 Senate votes are required to change the legislation.
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