NCPA Study: Obamacare Will Increase Drug Costs

Thursday, 07 Mar 2013 03:54 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
While the Affordable Care Act has increased prescription drug coverage, the result is a plethora of regulations that will make medicines more expensive, according to a study from the conservative National Center for Policy Analysis (NCPA) think tank.

The regulations curb competition, the study argues.

“Drug coverage is expanding rapidly and heightened regulatory scrutiny will prevent drug plan managers from holding down costs for consumers with programs such as creating exclusive networks and encouraging mail-order prescriptions,” Devon Herrick, a senior fellow at NCPA, said in a press release.

Rules governing the structure of pharmacy networks and price formulas for drugs are onerous for the drug industry, according to the report.

It says that regulations barring drug plans from offering lower co-payments for mail-order service will push up costs for consumers, even though it may aid community pharmacies.

“The goal of policymakers should be to allow competitive bidding among drug-plan stakeholders in an environment free of perverse regulations that unduly advantage one party over another,” the report says.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sen. Mark Udall: 'I Absolutely Stand By' Call for CIA's Brennan to Resign

Monday, 01 Sep 2014 21:58 PM

Central Intelligence Agency Director John Brennan may have avoided losing his job over charges that the CIA spied on Sen . . .

US Forces Carry Out Operation Against Al-Shabaab in Somalia

Monday, 01 Sep 2014 20:44 PM

U.S. military forces carried out an operation on Monday against al Shabaab militants in Somalia, a U.S. Department of De . . .

'Time' Mourns Dwindling Numbers of 'Social Justice' Nuns

Monday, 01 Sep 2014 20:39 PM

A Time magazine article bemoans the stark decline in the number of "social activist" women religious in the U.S. today,  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved