@Cerabooge – it’s already happening. Negotiations have started!
Ten drugs have been selected thus far.
“More than half the drugs selected for an initial round of price negotiations are medications to prevent blood clots and treat diabetes, and were taken by millions of people on Medicare in the past year, according to a list released by federal health officials who oversee Medicare, the vast public health insurance system. Others are used to treat heart trouble, autoimmune diseases and cancer.”
It’s not going to be immediate – it takes effect in 2026, which is yet another reason to vote blue and keep out the Republicans who made this necessary.
In case people don’t recall, not only did they exclude negotiation on drug prices in the first place – something done by every other industrialized nation in the world – but recently tried to roll back the reforms to prevent the government from having authority over drug prices. https://thehill,com/homenews/senate/3678314-senate-republican-bill-would-repeal-dem-drug-pricing-law/
It’s worth noting that because of the Republicans, not only are the pharmaceutical companies making massive profits off the US, we are paying for lower prices everywhere else in the world.
The ten drugs story:https://www,washingtonpost,com/health/2023/08/29/medicare-drug-price-negotiations/
@Cerabooge – it’s already happening. Negotiations have started!
Ten drugs have been selected thus far.
“More than half the drugs selected for an initial round of price negotiations are medications to prevent blood clots and treat diabetes, and were taken by millions of people on Medicare in the past year, according to a list released by federal health officials who oversee Medicare, the vast public health insurance system. Others are used to treat heart trouble, autoimmune diseases and cancer.”
It’s not going to be immediate – it takes effect in 2026, which is yet another reason to vote blue and keep out the Republicans who made this necessary.
In case people don’t recall, not only did they exclude negotiation on drug prices in the first place – something done by every other industrialized nation in the world – but recently tried to roll back the reforms to prevent the government from having authority over drug prices. https://thehill,com/homenews/senate/3678314-senate-republican-bill-would-repeal-dem-drug-pricing-law/
It’s worth noting that because of the Republicans, not only are the pharmaceutical companies making massive profits off the US, we are paying for lower prices everywhere else in the world.
The ten drugs story:https://www,washingtonpost,com/health/2023/08/29/medicare-drug-price-negotiations/