Biden administration announces plan to negotiate lower prescription drug prices

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Biden administration announces plan to negotiate lower prescription drug prices
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Ten of the most widely used drugs, including Eliquis, Jardiance and Xarelto, will be targeted for price reduction within the Medicare program.

to help reduce costs for millions of Americans. They say the negotiations will also save taxpayers billions of dollars.

On Tuesday, President Joe Biden announced his administration will begin negotiating prescription drug prices with pharmaceutical companies under the Inflation Reduction Act. Ten of the most widely used drugs, including Eliquis, Jardiance and Xarelto, will be targeted for price reduction within the Medicare program.

The Center for Elders’ Independence in Oakland says they have a special program that provides medication to seniors free of charge.

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