Can the Democrats' bill bring lower drug prices? Don't count on it.
Democrats are overselling their Medicare prescription drug bill. They claim it will bring about big price cuts for medication while Medicare experts say it won't. Republicans have been equally misleading, describing the bill as a system of severe price controls, which it isn't.
The fact is that the bill would do little more than require the Secretary of Health and Human Services to talk to drug companies about granting discounts. It specifically denies him the bargaining leverage of paying only for some drugs and not others.
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