Health researchers have suggested many changes for Medicare’s drug purchasing, including having Medicare negotiate directly with companies and creating a system in which doctors would be reimbursed without a direct link to what kinds of drugs are prescribed for patients. The current practice can create an incentive for doctors to, at times, favor newer and more expensive drugs over older ones.
Whatever Congress does, the margin paid to cancer doctors on drug sales appears likely to continue to drop, despite strong lobbying by industry groups.
“There is a sense that this will get reversed and fixed,” Ward said. “I don’t know that I believe that.”
On January 3, Sen. Kirsten Gillibrand, D-N.Y., raises her right hand as her son Henry messes up her hair while Vice President Joseph R. Biden Jr., delivers the ceremonial swearing-in in the Old Senate Chamber. Gillibrand's other son Theodore, lower right, looks on.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.