Forbes Story on President's Jobs Package Sheds Light on Impact of Mandatory Rebates in Medicare Part D

Forbes Story on President's Jobs Package Sheds Light on Impact of Mandatory Rebates in Medicare Part D

10.31.11 | By Greg Lopes

In case you missed it, Robert Book has an interesting story in Forbes on the President's jobs package and his proposal to impose rebates in Medicare Part D.
Book's analysis of the President's proposal to impose mandatory rebates in Part D is very thorough. He is able to show the effect the proposal would have on jobs in the sector as well as its potential impact on patient health
"A slowdown in the development of new drugs would further reduce drug spending, as patents expire faster than new drugs are developed and introduced. While this may improve the apparent condition of the federal budget and allow the private sector to spend less on health care and more on other forms of consumption, the budgetary improvement would come at the direct expense of improved health, as resources are diverted from biomedical research to other pursuits."

More On PhRMA — powered by PhRMApedia