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Medicare Part D could save $14.4B using VA drug prices

4 days ago   |   By Healio

If Medicare Part D paid prices for prescription medications similar to what the Department of Veterans Affairs pays, there could be an estimated annual savings of 38% to 50%, according to an analysis published in JAMA Internal Medicine.
“Several state and federal efforts to reduce prescription drug costs have proposed using the Department of Veterans Affairs as a model, given its ability to obtain deep discounts on medications through direct negotiation with pharmaceutical manufacturers and the use of a national formulary,” Brett Venker, PharmD, of the department of pharmacy
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