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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.

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