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

D'Souza: Obama Exploits America's Decency for Political Gain

Saturday, 30 Aug 2014 23:03 PM

Conservative filmmaker Dinesh D'Souza on Saturday cited the illegal immigration crisis as an example of how the Obama ad . . .

Sen. Dianne Feinstein: Obama 'Too Cautious' on ISIS

Saturday, 30 Aug 2014 22:29 PM

President Barack Obama was too cautious in his remarks this week about the beheading to American journalist James Fole . . .

US Conducts Airstrikes, Drops Aid to Besieged Iraqi City

Saturday, 30 Aug 2014 22:12 PM

The Pentagon says the U.S. military has conducted airstrikes and dropped humanitarian aid to the beleaguered Iraqi city  . . .

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