Republican-led Medicare reform bill is a massive taxpayer-funded handout to drug companies

I'm not the only one to notice, of course: the Democrats are going crazy over what they see as a clear handout to special interest groups (drug companies) who heavily fund Republican reelection campaigns. Some Democrats are now fighting the measure and seeking to reverse certain provisions of the law. This Forbes article offers an informative overview of the players in that effort.

Research topics related to this story in the eLibrary news and magazine archives. WASHINGTON, Jan 28 (Reuters) - Congressional Democratic leaders on Wednesday opened a drive to try to change a newly enacted Medicare drug law they say does more to help drug makers and insurers than the nation's elderly. The second bans the federal government from using its negotiating muscle to get lower drug prices for Medicare beneficiaries, even though the government does negotiate drug prices for other health programs. At least a handful of Republicans agree with the Democrats on the government price negotiation provision, meaning there is some possibility of bipartisan action.