Will President Obama put an End to the Medicare Rip-Off? »
Posted By BobDeMarco 7 months, 3 weeks ago in Political NewsI 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.
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?
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