Waxman Pushes for Deeper Savings From Drug Industry
Despite the drug industry pledging to find $80 billion in cost reductions over 10 years to fund health reform, Rep. Henry Waxman (D-Calif.) is pushing for additional savings through Medicare. In particular, Waxman is trying to recover what he calls a $3.7 billion "windfall" the drug industry received in the first two years of the Medicare prescription drug program.
- "Waxman Takes on Drugmakers Over Medicare" (Wilson, New York Times, 8/26).