Phoenix68
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March 29, 2007
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Medicare Releases Prices For First 10 Drugs Subject To NEGOTIATIONS!!!!
August 15, 2024
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"The Biden administration on Thursday released prices for the first 10 prescription drugs that were subject to landmark negotiations between drugmakers and Medicare, a milestone in a controversial process that aims to make costly medications more affordable for older Americans.March 29, 2007
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Medicare Releases Prices For First 10 Drugs Subject To NEGOTIATIONS!!!!
August 15, 2024
.
The government estimates that the new negotiated prices for the medications will lead to around $6 Billion in net savings for the Medicare program in 2026 alone when they officially go into effect, or 22% net savings overall. That is based on the estimated savings the prices would have produced if they were in effect in 2023, senior administration officials told reporters on Wednesday.
The Biden administration also expects the new prices to save Medicare enrollees $1.5 Billion in out-of-pocket costs in 2026 alone."