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Biden says that all 10 drugs targeted for the first Medicare price negotiations will participate

  • All of the manufacturers of the first 10 prescription drugs selected for Medicare's price negotiations have agreed to participate, which could potentially lower the costs of these drugs in the future.
  • The agreement is a political win for the White House leading up to next year's presidential election, as it aligns with President Biden's promise to lower prescription drug costs.
  • Medicare beneficiaries paid over $3.4 billion out-of-pocket for these 10 drugs in 2021, highlighting the urgent need for negotiation to reduce expenses for seniors.
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  • 50% of the sources are Center
50% Center
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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, October 3, 2023.
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