Bush would veto legislation for Federal negotiation of Medicare drug prices

The word from the White House Office of Management and Budget is that President Bush would veto any legislation that would rescind the current noninterference clause in the Medicare prescription-drug law. In addition, this information from the same MarketWatch.com article:

The Health and Human Services Department on Monday released new figures showing that the estimated cost of the drug plan were lower than originally anticipated, thanks to competition between drug-plan providers.

The administration now expects the drug benefit to cost $640 billion between 2006 and 2015, down from its initial estimate of $926 billion.

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