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"One of President Trump’s most popular planks in his campaign platform was the promise to give Medicare the power to negotiate lower prescription drug prices. The so-called populist promise was liked by Democrats but disliked by Republicans. Now, according to an announcement made in the Rose Garden on Friday, May 11, Republicans are happy and Democrats are discouraged.\nAs we recently reported, 92 percent of Americans want the government to be able to negotiate drug prices. As of Friday, this is not going to happen.\nThe President reported that his plan will give power to the Medicare Part D private entities to negotiate prices. This will mean a continuation of the existing situation. The entities are the insurance companies and what are known as “pharmacy benefit managers.” These two groups now contract with Medicare and negotiate prices with pharmaceutical prices.\n........"
<https://medicareonvideo.com/medicare-alphabet/>