Your tax dollars at work: Govt. buys hundreds of billions worth of overpriced drugs each year
by: J. D. Heyes
NaturalNews.com
Tuesday, September 13, 2016
Scores of Americans are discovering that natural, alternative treatments for many of their most common ailments is preferable to ingesting gene-altering medications, but through taxes they are nonetheless helping to fund hundreds of billions of dollars in government medication spending each year, through a variety of federal healthcare programs.
What’s more, the way in which Big Government buys Big Pharma isn’t very efficient, thought that likely doesn’t surprise you.
According to Bloomberg BusinessWeek, purchases of drugs by the Defense Department, Medicare, Medicaid and other federal benefits programs amount to more than one-quarter of all U.S. retail prescription drug spending, a figure that reached $263 billion in 2013 (download the report as a PDF here):
You might think that kind of buying power would entitle Uncle Sam to get the best price all the time. If only that were true. The government pays vastly different prices for medicines depending on which office is buying them, according to a new report (PDF) from the Government Accountability Office.
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