The government can negotiate cheaper drug prices for seniors. What does that mean, and why pharmaceuticals have sued the government to stop the plan?
At a food distribution center in West Allis, Wisconsin, last year, volunteers heard from seniors who faced a harrowing dilemma, said Sherrie Tussler, director of the local Hunger Task Force."Should I pay for my prescription medication or should I eat?"
Between 2002 and 2021, the amount Americans shelled out for pharmaceuticals each month almost tripled. According to Kaiser Family Foundation polling, 60% of Americans say prescription drugs have made people's lives better. But 79% say their costs are"unreasonable." Republicans resisted the negotiation part, Bagley says, and they included a provision that prohibited Medicare from negotiating prices for those drugs.
The first ten drugs that will be subject to price negotiations include blockbuster medications for blood clots, diabetes, and heart failure. Roughly ten million Medicare patients receive the drugs through Medicare.
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