Economy Biden launches Medicare drug price negotiations

[KOPPE]

Aiming to make lifesaving medications more affordable, the Biden administration on Thursday
sent offers to drug companies that make 10 widely prescribed drugs for older Americans.



The drugs include Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica, Stelara and the insulins Fiasp and NovoLog.

Under President Joe Biden's Inflation Reduction Act, another 30 drugs will be selected over the next two years for negotiated prices that will be rolled out in 2027 and 2028.

Big Pharma and allies fight price negotiations in court​

Drug companies and their industry allies have filed nine lawsuits challenging different aspects of the federal law. So far, the legal challenges haven't halted the administration's efforts to haggle for cost savings.

Free vaccines and $35 monthly insulin​

Medicare enrollees now can get recommended vaccines with no cost sharing,
and the federal law limits out-of-pocket cost at $35 for covered insulin products. In 2025,
enrollees in Medicare's Part D drug plans will have their out-of-pocket expenses for prescriptions capped at $2,000 a year.

Medicare drug price negotiations kick off with price offers on these 10 drugs

The Biden administration sends Medicare price offers to drug companies for 10 prescription drugs, including Eliquis, Jardiance and Xarelto,

www.usatoday.com

 

[KOPPE]

Trump: tax cuts to help the billionaires pay a lower rate than the working class
total: $1.5tn

 

[Otto!]

Inflation Reduction Act

I guess that’s why they don’t cover viagra.

I’ll show myself out.

 

[ColemanwastheGOAT]

Big Pharma bad again?