In a speech putting health care at the heart of the US budget debate, President Barack Obama has pledged to use the purchasing power of Medicare to "limit unnecessary prescription drug spending,” speed up the availability of generic drugs and ban "pay-for-delay" agreements.
These undertakings were included in a speech given by Pres Obama at George Washington University on Wednesday, in which he outlined his administration’s plans to reduce the US federal deficit by $4 trillion over the next 12 years. These proposals include reform of Medicare (the US health programme for seniors and some disabled people) and Medicaid (the programme for the nation's poorest) aimed at providing better care and lower costs and making savings of $480 billion by 2023 and a further $1 trillion at least by 2033.
Friday, April 15, 2011
US govt will negotiate Medicare drug prices, says Obama
via pharmatimes.com
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