Medicare Is Under Attack By The Greedy

"Medicare, the largest health care payer in the nation, is also the single biggest source of revenue for pharmaceutical companies. Since Medicare’s creation, federal law has restricted the program’s coverage to items and services that are “reasonable and necessary.” Legislation introduced earlier this year, however, takes aim at Medicare’s foundational discretion to decide whether to cover a new product. These efforts are misguided—Medicare cannot and should not automatically cover every drug or device approved or cleared by the US Food and Drug Administration (FDA). Medicare’s ability to decline, limit, or condition coverage of medical products that lack robust evidence is crucial to safeguarding taxpayer dollars and protecting public health."

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Protecting Medicare’s Discretion to Say No to Unproven Therapies