McCain Not So Pharma-Friendly

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Today, the WSJ Health Blog raises the argument that current GOP frontrunner, John McCain, may not offer the big bear hug to pharma that is otherwise expected of a Republican President. Specifically, McCain currently supports the importation of prescription drugs from countries that negotiate cheaper prices and the removal of the 2003 ban on Medicare to negotiate prescription drug costs (just like Obama). In fact, it is reported that McCain voted against the drug-benefit expansion of Medicare because of the negotiation ban.

The WSJ blog post also points to the site of the Center for Responsive Politics, which keep tabs on who receives how much money from where. Below is a graphic display of the pharma contributions to the current Presidential candidates on the basis of the Center's data, showing Clinton and Obama inexplicably out in front and Huckabee with why-bother chump change.

Pharma Contributions.pngThe WSJ post also provides a link to a nice side-by-side comparison from the Henry J. Kaiser Family Foundation of the respective health care plans of Clinton, McCain, and Obama. An edited excerpt addressing issues related to prescription drugs is provided at the Pathophilia blog.

McCain

Clinton

Obama

Require drug companies to reveal the price of their drugs

Allow reimportation of drugs

Encourage faster introduction of generics and biologics

“Smart purchasing” initiatives to constrain prescription drug and managed care expenditures

Permit the Secretary to negotiate prices for Medicare prescription drugs

Limit direct-to-consumer advertising of prescription drugs

Change patent laws to increase the availability of generic drugs

Reduce payments to Medicare Advantage plans [which may include prescription drug coverage] to create more level reimbursement with traditional Medicare

Initiate policies to promote generic drugs

Allow drug reimportation

Repeal the ban on direct price negotiation between Medicare and drug companies

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This page contains a single entry by bmartin published on February 6, 2008 11:10 AM.

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