Thursday, May 07, 2009

Will President Obama put an End to the Medicare Rip-Off?

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.
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.
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