Why did it take so long for the U.S. government to give Medicare the power to negotiate prescription drug prices directly with drug companies? | pressku.com

Today, nan U.S. Department of Health and Human Services (HHS), through the Centers for Medicare & Medicaid Services (CMS), is sending initial offers to nan participating supplier companies of nan first 10 prescription narcotics selected for speech successful nan first rhythm of the Medicare Drug Price Negotiation Program. Thanks to nan President’s lower costs medicine supplier rule - nan Inflation Reduction Act - Medicare now has nan powerfulness to discuss medicine supplier prices directly pinch supplier companies, akin to nan U.S. Department of Veterans Affairs and different national agencies that already negotiate drug prices. These first offers correspond nan latest awesome milestone in implementing this historical law.

https://www.hhs.gov/about/news/2024/02/01/biden-harris-administration-make-first-offer-drug-price-negotiation-program-launches-new-resource-hub-help-people-access-lower-cost-drugs.html

Why did it return truthful agelong for nan U.S. authorities to springiness Medicare nan powerfulness to discuss medicine supplier prices straight pinch supplier companies? I recovered it perplexing, because nan U.S. Department of Veterans Affairs and respective different national agencies already negotiated supplier prices. Medicare was launched connected July 30, 1965, by President Lyndon B. Johnson. It's astonishing to cognize that it took truthful long.