Hooked on Drug Money: Will Congress Take a Stand on Medicare?

Dean Baker writes: "It's payback time, as the lobbyists say in Washington. One of the key planks in the Democrats' election platform was changing the Medicare drug benefit by allowing Medicare to negotiate lower prices with the pharmaceutical industry. While this may not have been as important to their victory as the war, voters were outraged by the Medicare drug bill approved by the Republican Congress. The benefit was designed to enrich the pharmaceutical and insurance industries at the expense of taxpayers and beneficiaries."

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