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A Double Windfall

 
• By Michael McCaughan

The commercial impact of Part D has been a nice boost for manufacturers. And they also get a tax break for their own retirees.

No one likes to pay taxes. But Big Pharma companies have to feel good about a change in the tax code included in the 2003 Medicare prescription drug law that is paying off nicely for them.

The legislation that created the Part D prescription drug benefit included a tax subsidy for employers who offer retiree prescription...

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