Obama to propose negotiating drug prices for Medicare

04/8/2013 | PharmaTimes (U.K.)

U.S. President Barack Obama's forthcoming budget is expected to reduce Medicare spending by about $400 billion over the next decade in part by allowing the federal government to negotiate prices directly with drugmakers. Extending Medicaid drug discounts to Medicare would save $137 billion over a decade, according to Congressional Budget Office estimates.

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