{"id":15144,"date":"2020-02-04T08:55:12","date_gmt":"2020-02-04T13:55:12","guid":{"rendered":"https:\/\/medicarereport.org\/?p=15144"},"modified":"2020-02-04T08:56:18","modified_gmt":"2020-02-04T13:56:18","slug":"price-negotiations-and-drug-formularies-could-dramatically-reduce-costs-for-medicare","status":"publish","type":"post","link":"https:\/\/medicarereport.org\/?p=15144","title":{"rendered":"Price negotiations and drug formularies could dramatically reduce costs for Medicare"},"content":{"rendered":"<p>According to a recent cost analysis by researchers at Brigham and Women\u2019s Hospital in Boston, they found Medicare could save billions per year on insulin and other drugs if it were allowed to negotiate prices and implement a cost-saving formulary as the Department of Veterans Affairs (VA) does. \u00a0In 2017, Medicare Part D spent an estimated $7.8 billion on insulin products and if the agency had used VA negotiated prices, it would have spent only $5 billion, saving nearly $3 billion.\u00a0 Read article <a href=\"https:\/\/www.medpagetoday.com\/publichealthpolicy\/healthpolicy\/84668\">here\u2026<\/a><\/p>\n<p><a href=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/7227528-Syringes-and-needles-Stock-Photo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-7859\" src=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/7227528-Syringes-and-needles-Stock-Photo-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/7227528-Syringes-and-needles-Stock-Photo-300x200.jpg 300w, https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/7227528-Syringes-and-needles-Stock-Photo-768x512.jpg 768w, https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/7227528-Syringes-and-needles-Stock-Photo-1024x682.jpg 1024w, https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/7227528-Syringes-and-needles-Stock-Photo.jpg 1300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<pre><strong>Notice:<\/strong> The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link\u2019s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>According to a recent cost analysis by researchers at Brigham and Women\u2019s Hospital in Boston, they found Medicare could save<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,20,6,15],"tags":[],"class_list":["post-15144","post","type-post","status-publish","format-standard","hentry","category-health-care-finance","category-health-care-redesign","category-medicare-general","category-part-dprescription-drugs"],"_links":{"self":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/15144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15144"}],"version-history":[{"count":2,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/15144\/revisions"}],"predecessor-version":[{"id":15146,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/15144\/revisions\/15146"}],"wp:attachment":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}