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Cutting Drug Prices Would Fix Medicare Flaw: Analysis

By Karen Pallarito
HealthDay Reporter

WEDNESDAY, July 21 (HealthDayNews) -- America's seniors would have better access to medicines if U.S. drug prices were slashed to the level paid in other industrialized nations, a new analysis suggests.

A 45 percent price cut would let Congress eliminate a gap in coverage that will occur when Medicare's outpatient prescription drug benefit takes effect in 2006, the authors conclude. Lower prices, they add, would make it possible to enhance drug coverage for seniors at no additional cost to the federal government.

Article: http://www.forbes.com/lifestyle/health/feeds/hscout/2004/07/21/hscout520198.html