WASHINGTON, D.C. — The Biden administration announced Thursday that Medicare recipients will see significant reductions in the cost of 10 of the program’s most expensive and widely used drugs, following a series of negotiations with pharmaceutical companies.
The discounts, which range from 38% to 79% off the list prices, are set to take effect in 2026.
These price cuts, a key part of the administration’s efforts to reduce healthcare costs, are expected to save taxpayers $6 billion and Medicare enrollees as much as $1.5 billion in out-of-pocket expenses. The newly negotiated prices will impact drugs used to manage conditions such as diabetes, blood cancers, heart failure, and blood clots.
The drugs affected by the price reductions include:
- Eliquis and Xarelto, both blood thinners used to prevent and treat blood clots
- Jardiance and Januvia, medications for managing diabetes
- Farxiga, which is also used for heart failure and chronic kidney disease
- Entresto, used to treat heart failure
- Enbrel and Stelara, used for conditions like rheumatoid arthritis and psoriasis
- Imbruvica, a treatment for blood cancers
- NovoLog and related insulin products
“For years, millions of Americans were forced to choose between paying for medications or putting food on the table,” President Joe Biden said in a statement. “But we fought back — and won.”
The announcement is being hailed as a landmark achievement for the Medicare program, which has provided healthcare coverage to more than 67 million older and disabled Americans but was previously barred from negotiating drug prices.
The negotiations, made possible by the Inflation Reduction Act passed with Vice President Kamala Harris’s tie-breaking vote, mark a shift in the government’s approach to controlling prescription drug costs.
Vice President Harris is expected to highlight this achievement as part of her presidential campaign, showing the administration’s success in taking on “Big Pharma” and reducing costs for seniors. She is scheduled to join President Biden later on Thursday to formally announce the new drug prices.
The Department of Health and Human Services (HHS) plans to negotiate prices for another 15 drugs next year, with the potential to further expand these savings. This initiative is part of a broader strategy by the Biden administration to reduce healthcare costs, which also includes capping insulin prices and eliminating out-of-pocket costs for certain vaccines under Medicare.
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Oh now we are going to try to help taxpayers with their med costs, same thang obumer said.
Move along sheople nothing happening here.
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PermalinkFrom Bedminster, New Jersey...
...
"That’s the highest award you can get as a civilian. It’s the equivalent of the Congressional Medal of Honor," Trump continued, referring to the highest military honor bestowed for valor in combat. The Medal of Honor is often mistakenly called the Congressional Medal of Honor.
"But civilian version, it’s actually much better because everyone [who] gets the Congressional Medal of Honor, they're soldiers. They’re either in very bad shape because they’ve been hit so many times by bullets or they’re dead," Trump concluded. “She gets it, and she’s a healthy, beautiful woman, and they’re rated equal, but she got the Presidential Medal of Freedom, and she got it for — and that’s through committees and everything else.”
What a sick, depraved, soulless bastard Trump truly is.
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PermalinkImagine hating someone whom you've never met so much that you would rather vote for someone, or someone's in expats case, that is far less qualified to run our country and speak to other world powers leaders not once but repeatedly and then having the gall to call anyone sick, depraved or soulless. Obviously Expat is self reflecting but can't see it with their wool over his eyes.
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PermalinkImagine changing your display name to "KamalaIsntBlack" but not focusing on the fact she's Indian and playing "O Paalenaare" while requesting bobs and vagene.
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Permalink"Oh no! Teh Blumf said this/that!" We're teetering on the edge of social and economic collapse and you're acting like it's the 90's. The next time the global order shifts, it isn't going to be in our favor like when the Soviet Union fell. It will be our hegemony and prosperity that's collapsing. Wake up!
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PermalinkI'm not the one voting for a socialist indian, and if you hadn't noticed the common Americans prosperity is already lost.
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PermalinkSoon will be having classes beneath overpass to train low caste oil rigger saar!
(The comment you're addressing was directed at Expat, btw.)
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PermalinkI doubt he'd recognize that his disdain for the mean orange man is or has been detrimental to say the least, but I did have to make clear that she isn't black, not good for our country and most certainly not prepared to be POTUS. He can read all of this and of course retort with some links from a far left leaning radical propaganda website all the while not realizing his faults, but instead gaslight the rest of us.
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