RealClear Policy: Abolishing Drug Rebates Will Raise Costs for Seniors and Taxpayers

President Trump needs a win on health care, and prescription drug costs are in the crosshairs. He issued an executive order to eliminate drug rebates paid to Medicare Part D plans, claiming that this would save seniors billions of dollars. To ensure that costs won’t pop up elsewhere, the order directs Health and Human Services (HHS) Secretary Alex Azar to confirm that premiums, out-of-pocket costs, and federal spending would not increase.