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sunsporter1649 DUUUDE!!! That's just ONE drug! Did you know there are THOUSANDS of expensive drugs out there??
Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan.
The bill empowers the Health and Human Services Secretary to negotiate prices for certain drugs covered under two different parts of Medicare and punish pharmaceutical companies that don’t play by the rules. The legislation also caps out-of-pocket costs at $2,000 starting in 2025 for people who participate in Medicare Part D, the prescription drug plan for seniors.
DUUUDE!!! Republicans had always favored the pharma lobby. Biden put an end to that!!!
Democrats have been fighting for decades to give Medicare the power to cajole drugmakers into lowering prices. But the powerful pharmaceutical lobby and Republican opposition shot down past efforts. Medicare Part D currently bars HHS from negotiating prices with the industry.
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Majorsite $1.2 trillion infrastructure act (remember how Trump promises $1 trillion on infrastructure but failed to deliver). CHIPS Act. Inflation Reduction Act. Numerous policies aimed at the environment and climate. Reduced costs of prescription drugs (another failed Trump promise). $5 billion for drought relief. That's just a few highlights.