Americans for a Balanced Budget joins with 25 other groups in a letter to Congress opposing misguided attempts to push through a Medicare Part D rebate. This proposal would require pharmaceutical companies to “rebate” up to 40 percent of their drug sales back to Medicare. This is an attempt to force drug makers to sell their products to insurance companies at a loss. This isn’t a rebate – it’s a tax, and would harm America’s seniors.
You can read the full text of the letter below.
