President Joe Biden has announced that the manufacturers of all of the first 10 prescription drugs selected for Medicare’s first price negotiations have agreed to participate.
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The Centers for Medicare and Medicaid Services announced in August the first 10 drugs selected for the negotiation process and said manufacturers had until Monday to agree to participate and submit manufacturer-specific data. In all last year, 9 million seniors and other Medicare beneficiaries paid more than $3.4 billion on these 10 drugs alone, the White House said.
How much prices could fall is not yet known. Prices negotiated for the first set of drugs participating won't go into effect until 2026.lowered health care expenses and cut other everyday costs, which Congress passed last year without any Republican support, and that major pharmaceutical companies have continued to work to stop Medicare from haggling over drug pricing.
The ad is targeting general election audiences on programing including “Dancing With the Stars” and high profile NFL games, the Biden campaign said. It is part of a larger, 16-week, $25 million push targeting voters in key swing areas that was announced last month.
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