The Post Office vs. FedEx?

One idea the Democrats have for reforming Part D is launching a Medicare-run prescription drug plan. The proposal underscores how much ground Big Pharma has gained since the Medicare debate began.

The starting point for legislative work on making price negotiation a reality is expected to be a bill introduced in February 2005 calling for the Medicare program to launch a government run national prescription drug plan (PDP) to compete against the dozens of private plans in the Medicare market. (See "Interference Pattern," in this issue Also see "Negotiating Price Negotiation: Why the Democrats Will Struggle to Pressure Part D Prices" - Pink Sheet, 1 December, 2006..)

Would anyone sign up for a Medicare-run PDP? In effect, the government would be creating a situation analogous to the...

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