The Biden administration on Tuesday unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off a controversial process that aims to make costly medications more affordable for older Americans.
President Joe Biden’s Inflation Reduction Act, which passed in a party-line vote last year, gave Medicare the power to directly hash out drug prices with manufacturers for the first time in the federal program’s nearly 60-year history. The agreed-upon prices for the first round of drugs are scheduled to go into effect in 2026.
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The most curious thing here is that they’re all from different companies. I think this is a big trial run.
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Things just keep coming up that remind me of how much Type 2 diabetes has exploded over the last 30 years.
It’s absurd that they were forbidden from negotiating in the first place. It was basically a blank check to drug companies.
Well yeah, that’s the point
It’s always whatever it takes to help the old. The usa was made for and will die by the hands of ‘the greatest generation’ aka the greediest generation
All drug prices should be heavily regulated and capped, not just the ones old people need.
Boomers will go down in history of the reason the United States goes straight from richest country in the world to a shit hole dictatorship.
“A controversial process…” Christ, we’re doomed as a country.
Rick Scott dislikes this
Max F. Baucus, may his name be forever scorned.
What did he do?
