Iowa seniors to see lower drug costs as Medicare price negotiations advancePosted October 3rd, 2023 at 5:18pm by Isabel Soisson President Joe Biden speaks about his administration’s plans to lower prescription drug costs and protect Social Security and Medicare, Nov. 5, 2022, in Joliet, Ill. The Biden administration says the manufacturers of all of the first 10 prescription drugs it selected for Medicare’s first price negotiations have agreed to participate. Tuesday’s announcement clears the way for talks that could lower their costs in coming years and gives the White House a potential political win heading into next year’s presidential election. (AP Photo/Patrick Semansky, File) Full story →
These 10 High-Priced Drugs Are Set To Become Cheaper for SeniorsPosted August 29th, 2023 at 1:21pm by Isabel Soisson Starting in 2026, the prices for these drugs will decrease for up to nine million seniors, thanks to a provision in President Biden’s Inflation Reduction Act that allows Medicare to negotiate the prices for these drugs directly with the manufacturers. (Photo via Shutterstock) Full story →