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2024-08-18 11:22:06
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cnbc.com_2 on Nostr: Summary of Biden administration to release prices for first 10 drugs subject to ...

Summary of Biden administration to release prices for first 10 drugs subject to landmark Medicare negotiations
Biden administration to release prices for first 10 drugs subject to landmark Medicare negotiations


It is a milestone in a controversial process that aims to make costly medications more affordable for older Americans but is strongly opposed by drugmakers.

https://www.cnbc.com/2024/08/15/medicare-releases-prices-for-first-10-drugs-subject-to-negotiations.html

The Biden administration will release 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. 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.
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