Urging Drug Negotiations For Part D,

Waxman, Schakowsky Consider High Drug Prices As Medicare Waste

By Michelle M. Stein / June 25, 2014 at 11:40 PM
Energy & Commerce ranking Democrat Henry Waxman (CA) and Rep. Jan Schakowsky (D-IL) said Medicare is wasting millions of dollars in Part D because drug plans can't effectively negotiate for lower prices on the high cost Hepatitis C drug Sovaldi and others. At an Energy & Commerce Oversight subcommittee hearing on Medicare waste, fraud and abuse Wednesday (June 25) Waxman noted that the committee needed to focus on all three areas, not just fraud. “Probably the biggest source of waste...

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