If you sit and worry about how to save public money, it’s no mystery — go after the drug companies and health insurance mafia. That’s where real money is.
It’s simple math, as the Center for Economic and Policy Research reminds us:
State governments pay into the Medicare drug program as well, to cover a portion of foregone drug costs for those beneficiaries who are dually eligible for Medicaid and Medicare. In the low savings case, where the United States spends as much on drugs as Canada, the cumulative savings to state governments would be $31 billion. In the high saving case, where we paid the same amount for our drugs as people in Denmark, the savings to the states would be $73 billion.
The problem is that no one in a position to go after the health care mafia really wants to.
