Finally! Obama Administration Proposes Correction For Bush's Medicare Drug Mistake

Medicare Part D
Wikipedia
http://en.wikipedia.org/wiki/Medicare_Part_D

Alan: The eventual cost of Obamacare is complicated by ACA cost-cutting measures that have beneficial  effects on the entire practice of medicine, not just Obamacare's direct beneficiaries.

The administration proposes that Medicare negotiate prices with pharmaceutical companies. "Medicare was forbidden by the 2003 law creating its prescription drug program to negotiate on price. For years, liberals have been pushing to give Medicare that authority, which would make the United States more like the rest of the world. Now, the Obama administration has taken a step toward that goal, albeit a symbolic one. It's not clear how hard the administration will fight for this idea, but you can add this to the list of budget requests that probably aren't going anywhere." Jason Millman in The Washington Post.