10/27/2004

No matter who wins next week's presidential election, budget pressures in the federal government and cost overruns in Medicare are going to exert major pressure on any new administration to deal with health care costs, including drugs, one analyst says. Several analysts said drug manufacturers favor President George W. Bush's cost-containment plan, which uses the private marketplace and competition to push prices down. Democratic presidential candidate John Kerry's more aggressive plan relies on Canadian importation and government price negotiation with drugmakers for Medicare patients.

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