I bet you didn't know this.
When your elected representatives in Washington voted on the Medicare Modernization Act of 2003 they slipped in this dilly -- when Medicare buys prescription drugs from the pharmaceutical companies they are not allowed to negotiate the price they pay.
Let me put it this way, we the taxpayers pay full retail price when Medicare buys prescription drugs -- for us.
Now here is the part that is really odd. These same Washington politicians allow Medicaid and the Veterans Administration to negotiate purchases. Medicaid often pays 40 percent less than Medicare pays for the same exact prescription drug.
I can buy a 16 ounce can of Old El Paso refried beans in Publix for a $1.49. Or, I can go to Walmart and buy the same product in the same size for $1.09. I have a choice -- Medicare doesn't.
This leaves me wondering? What would happen if the buyers from Walmart were the buyers of prescription drugs for Medicare?
You can read the complete article by following this link.
Will President Obama put an End to the Medicare Rip-Off?