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       #Post#: 3749--------------------------------------------------
       (AARP) How Medicare rx price negotiations will work under new la
       w
       By: agate Date: August 20, 2022, 1:48 am
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       From the AARP (August 15, 2022), "How Medicare Rx Price
       Negotiations Will Work" (under the new law):
  HTML https://bit.ly/3pykmmg
       If you look at the timetable in the article, this will be a
       long, slow process. The drug companies are being allowed plenty
       of time.
       However, they will probably comply. There is a penalty for
       noncompliance, and it sounds pretty stiff:
       [quote][font=ff-dagny-web-pro]Under the new law, if the maker of
       a drug that was selected for negotiation walks away from the
       table, the government could levy a tax of up to 95 percent of
       their sales from the previous year. The idea behind that tax is
       to give the pharmaceutical companies a strong incentive to
       participate in the negotiation process
       .[/font][/quote][font=ff-dagny-web-pro][/font]
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