Drug Price Negotiations Won't Save Money, Cbo Says

Summary


WASHINGTON - Requiring the federal government to negotiate Medicare drug prices won't save money, as Democrats contend, the Congressional Budget Office said Wednesday.

"The secretary would be unable to negotiate prices across the broad range of covered Part D drugs that are more favorable than those obtained by (the plans) under current law," Donald B. Marron, the CBO's acting director, told Rep. John Dingell, D-Mich.

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Drug Price Negotiations Won't Save Money, Cbo Says

Dingell is author of a bill that the House will t...

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