A few months ago, Bush’s Medicare officials claimed private insurers were getting pharmaceutical companies to lower prices, but when Rep. Henry Waxman, D-Calif, and Rep. Tom Davis, R-Va., asked for the proof, the administration wouldn’t cough up the data.
So, Waxman’s committee did its own study. Guess what? From the Washington Post (via MyDD):
Prices for 10 of the most prescribed brand-name medications have shot up an average of 6.8 percent since December under Medicare private insurance plans, while wholesale prices for the same drugs have risen just 3 percent…
