Manufacturers urge protection of Medicare Part D.

Press Release Summary:



NAM led national coalition of manufacturers, patients, healthcare providers, and seniors in letter to congressional leaders urging that Congress preserve Medicare Part D in its current successful form. Proposals have been offered to allow Department of Health and Human Services to intervene in price negotiations. According to NAM VP of Human Resources Policy Joe Trauger, it makes no sense to allow government interference in one of the only federal programs that comes in under budget every year.



Original Press Release:



Manufacturers Urge Protection of Medicare Part D in Budget Negotiations



Government Intervention in Price Negotiations Undermines Success of the Program



Washington, D.C., – Today, the National Association of Manufacturers (NAM) led a national coalition of manufacturers, patients, health care providers and seniors in a letter to congressional leaders urging that Congress preserve Medicare Part D in its current, successful form. Proposals have been offered to allow the Department of Health and Human Services (HHS) to intervene in price negotiations, which would undermine the efficiency and success of Part D.



“Medicare Part D has been an overwhelming success, serving more than 40 million people while coming in under budget,” said NAM Vice President of Human Resources Policy Joe Trauger. “Putting HHS at the head of the negotiating table would be a mistake—the equivalent of fixing what’s not broken. Part D is a great example of the power of the free market, and it makes no sense to allow government interference in one of the only federal programs that actually comes in under budget every year. Manufacturers see opportunity to improve our fiscal situation through the budget process, but we urge Congress to keep focus on areas that are truly driving our nation’s debt.”



The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.

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