Older Americans to pay less for some drug treatments as drugmakers penalized for big price jumps
Older Americans to pay less for some drug treatments as drugmakers penalized for big price jumps
Hundreds of thousands of older Americans could pay less for outpatient drug treatments beginning early next year.
Hundreds of thousands of older Americans could pay less for some of their outpatient drug treatments beginning early next year, the Biden administration announced Thursday.
The White House unveiled a list of 48 drugs — from chemotherapy treatments to growth hormones used to treat endocrine disorders — whose prices increased faster than the rate of inflation this year. Under a new law, drugmakers will have to pay rebates to the federal government because of those price increases. The money will be used to lower the price Medicare enrollees pay on the drugs early next year.
“For years, there’s been no check on how high or how fast big pharma can raise drug prices,” President Joe Biden said Thursday, speaking in a lab at the National Institutes of Health in Bethesda, Maryland. “Let’s call this for what it is – it simply is a rip off. They’re ripping off Medicare. They’re ripping off the American people. We’re now fighting back.”
Don’t worry. Those same older Americans will vote for party whose policies will make them pay more for meds and everything else
Why would they vote for something clearly against all of their best interests?
Culture war induced brain rot
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The Biden administration is trying to get the #GOP controlled Congress to allow the $35 cap to cover your co-worker.
Eli Lilly announced they are lowering the cost of insulin by 70% and capping what patients pay out-of-pocket for insulin at $35. This action, driven by the momentum from the Inflation Reduction Act, could benefit millions of Americans with diabetes in all fifty states and U.S. territories. The President continues to call on Congress to finish the job and cap costs at $35 for all Americans.
On the other hand, the #GOP is actively trying to allow companies to milk your co-worker until he's dead.
I will believe it when I see it. It's all feel good news articles it doesn't matter if it passes. We will just give more money so countries can fight each other until oblivion. My coworker is an example. I know so many people who are losing everything because they can't afford to live. I'm not optimistic, but I am angry.
Every brick removed from the foundation of exploitation makes it easier to remove more bricks.
Not just people over 65, millions of people who have a disability are also covered by Medicare. I'm glad he's taking action on this