Medicare

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Biden administration chooses first 10 drugs for Medicare price negotiations

BY: - August 29, 2023

WASHINGTON — Medicare can now negotiate lower prices for 10 common high-price drugs, cutting out-of-pocket costs for an estimated 9 million seniors and saving taxpayers billions, the Biden administration said Tuesday. Medicare will begin this year to negotiate with the manufacturers of popular medications used to treat blood clots, diabetes, heart disease, rheumatoid arthritis, chronic […]

President Joe Biden speaks about his fiscal 2024 budget request on March 9, 2023, at Finishing Trades Institute in Philadelphia. (Screenshot from White House feed)

Biden budget asks for 25% tax on billionaires, boosts in domestic and defense spending

BY: - March 9, 2023

WASHINGTON — President Joe Biden said Thursday he’s ready to meet with U.S. House Speaker Kevin McCarthy to hash out federal spending as soon as House Republicans release their budget, a challenging task without a firm deadline.  “I’m ready to meet with the speaker anytime, tomorrow if he has his budget,” Biden said during a […]

Sonia Rojas, a pharmacy technician, works in a pharmacy on Dec. 22, 2020. (Photo by Joe Raedle/Getty Images)

Here’s when drug prices will start to decrease for Medicare recipients

BY: - December 5, 2022

Starting next month, a $35 cap on insulin prices will go into effect for millions of Medicare recipients. The lower pricing is one of the first of several policy measures Americans will see in the coming months and years under the Inflation Reduction Act signed into law in August. The bill also requires pharmaceutical companies […]