Allowing Medicare to negotiate drug prices could save seniors a fortune

The 2003 Medicare Modernization Act bars the program from negotiating its own drug prices, and it's costing seniors a fortune in the process.

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Somebody get the gurney, because Medicare is sick.

Ask seniors about their most immediate concern and you'll likely hear about the Social Security program's impending cash shortfall, which is forecasted to happen by the year 2034. But this same forecast from the Social Security and Medicare Board of Trustees is trumped by the fact that Medicare's Hospital Insurance Trust is expected to deplete its spare cash by the year 2028.

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