MERCK-MEDCO MEDICARE PROPOSAL WOULD DECREASE DRUG REBATES BY 47% v. CLINTON BILL; WITH LESS PHARMACY REIMBURSEMENT, FIRM ESTIMATES $1.3 BIL SAVINGS IN 1996
Executive Summary
Merck-Medco's proposal to contract out a Medicare drug benefit to pharmacy benefit managers would decrease manufacturer rebates to the Medicare program by 47% in 1996 compared to the rebates called for under the Clinton health care reform proposal, according to Merck-Medco estimates.