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<< Follow the Money | Main | Why Progressives Win From Drug Bill >> November 25, 2003Why the Drug Bill Really SucksThis Congressional Budget Office analysis of the Medicare drug bill could be the political killer for the GOP. All the numbers about the drug benefit being thrown around are only for the first year. Costs to beneficiaries, however, are slated to increase with inflation in drug costs. What does that mean, according to CBO? Here is the key-- these numbers are based on the fact that there are no price controls on drugs in the legislation. This will create a political dynamic where seniors will mobilize to impose those price controls, since they will directly save out-of-pocket if the government brings the hammer down on big Pharma. Well, the GOP wanted to create incentives for cost controls-- they just may not recognize where that political dynamic will inevitably go. Posted by Nathan at November 25, 2003 11:32 PM Related posts:
Trackback PingsTrackBack URL for this entry: CommentsOr what about Title I costing 1.3 billion for 2004 and 2005, but costing on the order of 30 billion in 2006? How'd they make it cost so much in the future only? We know _why_ they fudged the numbers, to make next year's budget look (reasonably) passable. Bill of Rights in 1 page, pills take hundreds of pages. Posted by: Josh Narins at November 26, 2003 11:10 AM Great. 2013 will be the beginning of Hillary's first (or second term). Posted by: Jordan Barab at November 26, 2003 02:42 PM Post a comment
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