President Joe Biden's administration on Tuesday released a list of 10 drugs for which the federal government will take a first-ever step: negotiating drug prices directly with the manufacturer.
WASHINGTON — The blood thinner Eliquis and popular diabetes treatments including Jardiance are among the first drugs that will be targeted for price negotiations in an effort to cut Medicare costs.for which the federal government will take a first-ever step: negotiating drug prices directly with the manufacturer.
“For many Americans, the cost of one drug is the difference between life and death, dignity and dependence, hope and fear,” Biden said in a statement. “That is why we will continue the fight to lower healthcare costs — and we will not stop until we finish the job.”from the White House later Tuesday. He’ll be joined by Vice President Kamala Harris.
More than 52 million people who either are 65 or older or have certain severe disabilities or illnesses get prescription drug coverage through Medicare’s Part D program, according to CMS. Currently, pharmacy benefit managers that run Medicare prescription plans negotiate rebates off a drug’s price. Those rebates sometimes help reduce premiums customers pay for coverage. But they may not change what a patient spends at the pharmacy counter.
PhRMA representatives also have said pharmacy benefit managers can still restrict access to drugs with negotiated prices by moving the drugs to a tier of their formulary — a list of covered drugs — that would require higher out-of-pocket payments. Pharmacy benefit managers also could require patients to try other drugs first or seek approval before a prescription can be covered.
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Biden targets diabetes drug Jardiance, blood thinner Eliquis and 8 others for Medicare price talksThe popular diabetes treatment Jardiance and the blood thinner Eliquis are among the first drugs that'll be targeted for price negotiations in an effort to cut Medicare costs
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Biden targets diabetes drug Jardiance, blood thinner Eliquis and 8 others for Medicare price talksPresident Joe Biden says for many Americans the cost of one drug can be “the difference between life and death” as his administration announces the first drugs that’ll be targeted for price negotiations in an effort to cut Medicare costs
Read more »
Biden administration targets diabetes drug, blood thinner, others for Medicare price negotiationsA popular diabetes treatment and the blood thinner Eliquis are among the first drugs that'll be targeted for price negotiations in an effort to cut Medicare costs.
Read more »
Biden targets diabetes drug Jardiance, blood thinner Eliquis and 8 others for Medicare price talksPresident Joe Biden’s administration on Tuesday released a list of 10 drugs for which the federal government will take a first-ever step: negotiating drug prices directly with the manufacturer.
Read more »
Biden targets diabetes drug Jardiance, blood thinner Eliquis and 8 others for Medicare price talksPresident Joe Biden says for many Americans the cost of one drug can be “the difference between life and death” as his administration announces the first drugs that’ll be targeted for price negotiations in an effort to cut Medicare costs.
Read more »
Biden targets diabetes drug Jardiance, blood thinner Eliquis and 8 others for Medicare price talksPresident Joe Biden says for many Americans the cost of one drug can be “the difference between life and death” as his administration announces the first drugs that’ll be targeted for price negotiations in an effort to cut Medicare costs
Read more »