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217 IRET Congressional Advisory 1 (2007)

handle is hein.taxfoundation/iretcgadv0214 and id is 1 raw text is: INSTITUTE FOR RESEARCH ON THE ECONOMICS OF TAXATION IRET is a non-profit 501 (c)(3) economic policy research and educational organization devoted to informing the public about policies that will promote growth and efficient operation of the market economy. January 9, 2007 Advisory No. 217 MEDICARE PART D AND PRESCRIPTION DRUG PRICES Congress is considering legislation that would require the Secretary of Health and Human Services (HHS) to negotiate directly with drug companies over the prices paid for medications under Medicare Part D. The attached fact sheet* examines how the current competition among private drug plans has fared, and how a mandate for government negotiation of prescription prices might affect prices, drug availability, and consumer choice. It contains links to valuable sources of information on these issues. Stephen J. Entin President and Executive Director * The fact sheet was jointly prepared by scholars from the American Enterprise Institute, the Center for Medicine in the Public Interest, the Galen Institute, the Heritage Foundation, the Institute for Policy Innovation, the Institute for Research on the Economics of Taxation, the National Center for Policy Analysis, and the Pacific Research Institute. 6~,3 A3A S.. S I 66. 6 ~6I ~se