Drug Prices: What The White House Won\’t Tell Us

A few months ago, Bush\’s Medicare officials claimed private insurers were getting pharmaceutical companies to lower prices, but when Rep. Henry Waxman, D-Calif, and Rep. Tom Davis, R-Va., asked for the proof, the administration wouldn\’t cough up the data.

So, Waxman\’s committee did its own study. Guess what? From the Washington Post (via MyDD):

Prices for 10 of the most prescribed brand-name medications have shot up an average of 6.8 percent since December under Medicare private insurance plans, while wholesale prices for the same drugs have risen just 3 percent…