Transparency Is Key to Lower Medicare Part D Costs

Government programs don't have a great track record of coming in under budget, but Medicare Part D is the rare program that has succeeded in providing American seniors with affordable drugs at a lower cost than was initially anticipated. The secret to Part D's success is that pharmaceutical companies engage in private negotiations to offer deep discounts and rebates on drugs. Unfortunately, the negotiated discounts aren't always passed on to consumers, and that needs to change.