Obama Medicare rebate plan could hurt drug companies

Feb 13, 2013 | Posted by: roboblogger | Full story: Reuters

President Barack Obama's decision to spotlight drug rebates as a way to save money on Medicare is likely to be opposed by the pharmaceutical industry, which could potentially lose billions of dollars in profits.

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61 - 64 of 64 Comments Last updated Feb 20, 2013
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“Forever Is Promised To No One”

Since: Nov 12

Location hidden

#63 Feb 15, 2013
tha Professor wrote:
<quoted text>
You dream of achieving mere cluelessness. Well, get off the drugs, out of the mental care facility, work for a few years in the real world, and who knows - you may YET get to be considered clueless! What a step up, eh? ;)
<quoted text>
It's so cute when you pretend to be all credible and relevant like that....LOL
Was that or you or Michele today with the lobster fart.....

injures hundreds

A once-in-a-decade fireball screamed across the Russian sky, triggering a powerful shock wave that broke windows & hurt as many as a thousand people.
Dane Thorsen

AOL

#64 Feb 15, 2013
POTUS OBAMA should Nationalize the Drug Companies to increase Big Brothers control over the increasingly pahtetic American people. Private Business is BAD. Big Brother is GOOOOOOOOD.
Reality Bites

AOL

#65 Feb 16, 2013
No Thanks Obama wrote:
<quoted text>Get ready for the complaints to pour in when the middle class wakes up in 2014. This will be because their companies cut the quality of their health insurance coverage or drop their families from coverage. Families DO NOT have to be covered under ObamaCare law, only the employees. And most middle class will not qualify for government subsidies under this provision.
You are overestimating the expectations of the American people. Americans shunned any concern for their families own best interests when they didn't Man Up and stop obama in November.

There will be no outcry over reduced quality and availability of health care for the vast majority of middle class families as their employers are forced to dump them into ObamaCare. Team Pelosi and Obama's Handlers will decide who Lives and who Dies based on what best suits their political agenda.
No Thanks Obama

New York, NY

#66 Feb 20, 2013
Seniors tend to be the most vocal and many will be upset when they are shifted from Medicare to Medicaid

ObamaCare vs. children’s health

If you’re a poor child, and you like your health plan, you can’t keep it.

In fact, it’s now clear that ObamaCare will force tens of millions of Americans to accept inferior health coverage to what they have now. The most-threatened groups include: people who now get their policies from a job at a small business, those who buy individual coverage direct from an insurer, seniors who qualify for Medicaid as well as Medicare and kids enrolled in the Children’s Health Insurance Program, or CHIP.

The undermining of CHIP is particularly shocking: This is a bipartisan program that liberals spent much of the last two decades expanding.

CHIP provides health coverage to nearly 8 million children of families with incomes too high to qualify for Medicaid. The program has plenty of flaws, but often gets kids enrolled in plans that are a lot better than traditional Medicaid — the equivalent of a Blue Cross plan in some states, of the insurance state employees get in others. Yet ObamaCare will force many into Medicaid networks.

At risk are CHIPS kids whose parents earn between 100 percent and 133 percent of the Federal Poverty Level — which comes out to $23,000 to $31,000 a year for a family of four.

Here’s how it works: An obscure provision buried the ObamaCare law’s Section 2001(a)(5)(B) automatically enrolls in Medicaid any child whose parents earn between 100 percent and 133 percent of the Federal Poverty Line — even if the kids are now getting better coverage from CHIP.

The provision makes these kids a “mandatory Medicaid population,” so it applies to all states. As long as the parents are in that income zone, the kids are on Medicaid (even if the parents aren’t). Goodbye, CHIP.

And many Americans will soon learn that ObamaCare means their present insurance will get switched, cheapened or hollowed out.

In the individual market, where people buy coverage directly from insurers, most folks are going to end up in the new ObamaCare exchanges, regardless of income. Once the full brunt of the law’s regulations of this market starts hitting this fall, the individual plans they now buy just won’t be offered outside the exchanges.(This is true even in states that refuse to set up their own exchanges.)

Worse, many of these folks are going to find that the exchange-based coverage is a lot skimpier than what they now enjoy, with narrow lists of allowed doctors and hospitals and heavy coinsurance payments for using “out of network” health-care providers.

Wall Street analysts predict that 25% of folks who get their health coverage from small businesses will quickly end up in the exchanges, as well. They will also find that their new plans are far more meager than the coverage they now carry.

Poor seniors are in a similar jam. Under “demonstration” programs being rolled out nationally by Medicare,“dual eligibles”— seniors who also qualify for Medicaid — are involuntarily losing their standard Medicare benefit.

Their coverage is being turned over to the states, which get federal cash to manage the medical needs of these less-well-off, and often sickly, seniors.

And some states are dumping these folks straight into their existing Medicaid networks.

These are just some of the dislocations unfolding, & ObamaCare isn’t even in full swing.

In his State of the Union Address, the president said he’s simply updating America’s founding vision to help everyone have a better life.How does imposing worse medical coverage for some of our most vulnerable citizens do that?

ObamaCare vs. children’s health - NYPOST.com http://www.nypost.com/p/news/opinion/opedcolu...

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