US PHARMA ASSOCIATION SOUNDS ALARM OVER GOVERNMENT BUDGET CUTS
April 1st, 2013
THE USA’s Pharmaceutical Research and Manufacturers of America (PhRMA) has warned that America’s federal ‘sequestration’ public spending cuts and more recent budget proposals from President Obama could restrict access to new effective drugs, inflating healthcare costs.PhRMA senior vice president Matthew Bennett fears potential cuts to the Medicare Part D prescription drug subsidy system, he claims “greatly improved seniors’ access to medicines…” He argued this has depressed insurance premiums, and “achieved billions of dollars of savings on ...
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