White House Announces Major Price Cuts for Medicare Drugs

Reported about 2 months ago

The Biden administration has reached agreements to significantly reduce the prices of 10 popular Medicare drugs, aiming to lower costs for taxpayers and older adults. The discounts range from 38% to 79%, potentially saving taxpayers $6 billion and seniors $1.5 billion in out-of-pocket costs. This landmark decision follows decades of restrictions on Medicare's ability to negotiate drug prices, providing relief for millions of Americans facing high medication costs.

Source: YAHOO

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