Would a calculator help?

• Author: Peters, Charles
• Position: Tilting at Windmills - Medicaid prices - Brief Article

Another example of make-believe is a law passed in 1990 requiring drug companies to give Medicaid the "best price" According to the Government Accountability Office, however, the law has not been enforced. The result, according to Sen. Charles Grassley (R-Iowa), is that "for fifteen years, drug companies have been profiting from a system that costs taxpayers untold hundreds of millions if not billions of dollars annually."

Why have the companies not obeyed the law? They say that the government office that administers the drug program, the Center for Medicare and Medicaid Services, has failed to give them...