Tag: Billy Tauzin
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The cash-rich pharmaceutical lobby and the rising cost of drugs for Medicare seniors
By Stuart Silverstein FairWarning.org When the Republican-controlled Congress approved a landmark program in 2003 to help seniors buy prescription drugs, it slapped on an unusual restriction: The federal government was barred from negotiating cheaper prices for those medicines. Instead, the job of holding down costs was outsourced to the insurance companies delivering the subsidized new…