Reported about 2 months ago
The Biden administration announced that its new drug price negotiation policy will save Americans $7.5 billion in the first year, lowering costs for senior citizens and the government. The measure will reduce prices for key medications significantly, with cuts ranging from 38% to 79%, particularly benefiting diabetes and heart failure treatments. Critics highlight that actual savings may be muted due to existing private rebates. The policy marks a significant shift, allowing Medicare to negotiate drug prices for the first time, potentially cutting the federal deficit by $237 billion over the next decade.
Source: YAHOO