Beat the Press

Dean Baker's commentary on economic reporting

7/18/2006

Drug Companies Gone Wild: Medicare Part D

The NYT had a very good piece about how the shift of 6 million Medicaid beneficiaries into the Medicare drug benefit program may increase drug company profits in 2006 by $2 billion. According to the article, under the new program the drug companies get to sell the same drugs at higher prices. It doesn't get much better than this!

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