5 takeaways from first Medicare drug price negotiations
The first round of price negotiations on 10 drugs was announced Thursday amid a lavish White House reception that Democrats celebrated as the result of years of hard work. Administration officials touted the plan’s $6 billion savings to taxpayers and roughly $1.5 billion reduction in out-of-pocket costs for seniors by 2026. Here’s what you need […]
White House strikes deal to cut prices of popular Medicare drugs that cost $50 billion yearly
The Biden administration is celebrating a victory after federal officials struck deals with drug companies to lower prices for 10 of Medicare’s most popular and expensive drugs, but it immediately offered few details about the new prices older Americans will pay to fill those prescriptions. White House officials said Wednesday night that the new drug […]
White House says negotiated prices for Medicare drugs will save U.S. $6 billion, beneficiaries $1.5 billion in first year – CNBC
Activists protest against the high cost of prescription drugs in front of the U.S. Department of Health and Human Services building in Washington, DC on October 6, 2022. Anna Moneymaker | Getty Images The Biden administration will announce prices Thursday for the first 10 prescription drugs that are the subject of landmark negotiations between drug […]
Biden-Harris Admin to Use Billions of Taxpayer Dollars to Offset Medicare Plan D Premiums Less Than 3 Months Before Election
The Biden-Harris administration has been criticized for pouring billions of taxpayer dollars into bailing out health insurers in an effort to hide impending price hikes for Medicare Part D plans with less than 100 days until Election Day. The Democrat-backed Inflation Control Act of 2022 (IRA) would limit Medicare beneficiaries’ out-of-pocket drug costs, resulting in […]
Trump Campaign Rips Kamala Harris’s Medicare for All Flip Flop
The Trump campaign on Wednesday blasted Vice President Kamala Harris for backtracking on a “Medicare for All” bill introduced by socialist Sen. Bernie Sanders (I-Vt.) in 2019. According to an anonymous campaign official, Harris no longer supports the bill. Neither Harris nor her campaign staff have fully embraced the policy change in public statements, sparking […]
Voters deserve to know how Republican populists would fix Medicare and Social Security
The Republican Party is no longer the party of free markets and small government. 2024 Republican Policies It clarifies the call to “fight to protect Social Security and Medicare without cuts, including changing the retirement age.” Senator J.D. Vance, the party’s vice presidential candidate, Expressed sympathy For the “Bernie Bros” who supported progressive Senator Bernie […]
Medicare Agency Just Gave Kamala Harris An In-Kind Contribution With Your Tax Dollars – The Federalist
Earlier this month, Kamala Harris’ campaign Announced More than $200 million was raised in the first week of her candidacy after Joe Biden dropped out of the presidential race, with much larger, but unofficial, in-kind contributions made through the federal Centers for Medicare and Medicaid Services (CMS). Announced A new “Premium Stabilization Demonstration” aimed at […]
Biden-Harris Bails Out Medicare Part D Months Before the Election
Concerned about skyrocketing Medicare Part D premiums, the Biden-Harris administration is spending billions of dollars to bail out health insurers and appease seniors 100 days before the presidential election. Paragon Health Research Institute release The report noted that the Centers for Medicare & Medicaid Services (CMS) has added a three-year “premium stabilization” demonstration to stand-alone […]
Drug companies confident Medicare price deals won't hit bottom lines
Pharmaceutical company chief executives who are suing to block the Biden administration’s Medicare price negotiation law have told shareholders and analysts that the final price proposals will not have a significant impact on their companies’ profits. Comments from executives at companies including Pfizer, Bristol-Myers Squibb, Johnson & Johnson and AbbVie suggest the price cuts may […]
Why Wall Street is unfazed by Medicare drug pricing threat [Video] – AOL
Wall Street concerns about anti-inflation price negotiations for the first 10 drugs in Medicare Part D plans appear to be fading. As the Sept. 1 announcement date approaches, executives at big pharmaceutical companies are signaling they are open to any eventual price cuts set by the federal government. On earnings calls in the past few […]