White House says deals struck to cut prices of pop
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Posted On: 08/15/2024 11:45:56 AM
Re: Goodspeed65 #121319
White House says deals struck to cut prices of popular Medicare drugs that cost $50 billion yearly
Source: AP
Can't wait to hear the Trumpanzees wail against this. The first reflex will be 'Dems in bed with big pharma'. But, big pharma doesn't want to see less money for their drugs. So, gonna have to dig for a conspiracy theory on this one.
WASHINGTON (AP) — The Biden administration is taking a victory lap after federal officials inked deals with drug companies to lower the price for 10 of Medicare’s most popular and costliest drugs, but shared few immediate details about the new price older Americans will pay when they fill those prescriptions.
https://www.cms.gov/files/document/fact-sheet...r-2026.pdf
White House officials said Wednesday night they expect U.S. taxpayers to save $6 billion on the new prices, while older Americans could save roughly $1.5 billion on their medications. Those projections, however, were based on dated estimates and the administration shared no details as to how they arrived at the figures.
Nonetheless, the newly negotiated prices — still elusive to the public as of early Thursday morning — will impact the price of drugs used by millions of older Americans to help manage diabetes, blood cancers and prevent heart failure or blood clots.
The drug deals will become a focal point for Vice President Kamala Harris’ presidential campaign, especially since she cast the tie-breaking vote to pass the law. She will join President Joe Biden Thursday to announce the drug prices, their first joint speaking appearance since she replaced him at the top of the Democratic ticket, as they both struggle to convince voters that costs will trend down after years of above-normal inflation.
Read more: https://apnews.com/article/biden-drug-prices-...5d5efd5411
Source: AP
Can't wait to hear the Trumpanzees wail against this. The first reflex will be 'Dems in bed with big pharma'. But, big pharma doesn't want to see less money for their drugs. So, gonna have to dig for a conspiracy theory on this one.
WASHINGTON (AP) — The Biden administration is taking a victory lap after federal officials inked deals with drug companies to lower the price for 10 of Medicare’s most popular and costliest drugs, but shared few immediate details about the new price older Americans will pay when they fill those prescriptions.
https://www.cms.gov/files/document/fact-sheet...r-2026.pdf
White House officials said Wednesday night they expect U.S. taxpayers to save $6 billion on the new prices, while older Americans could save roughly $1.5 billion on their medications. Those projections, however, were based on dated estimates and the administration shared no details as to how they arrived at the figures.
Nonetheless, the newly negotiated prices — still elusive to the public as of early Thursday morning — will impact the price of drugs used by millions of older Americans to help manage diabetes, blood cancers and prevent heart failure or blood clots.
The drug deals will become a focal point for Vice President Kamala Harris’ presidential campaign, especially since she cast the tie-breaking vote to pass the law. She will join President Joe Biden Thursday to announce the drug prices, their first joint speaking appearance since she replaced him at the top of the Democratic ticket, as they both struggle to convince voters that costs will trend down after years of above-normal inflation.
Read more: https://apnews.com/article/biden-drug-prices-...5d5efd5411
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