“#Biden administration said Thursday that drug price negotiations will knock hundreds of dollars — in some cases thousands — off the list prices of 10 of #Medicare’s most popular and costliest drugs.
The discounts, agreed to after months of negotiations with drug manufacturers, range between 38% and 79% on the medication’s list price, which is the cost of medication before discounts or rebates are applied — not the price people actually pay for prescriptions”
White House says deals struck to cut prices of popular Medicare drugs that cost $50 billion yearly
Federal officials have reached deals with drug companies to lower the price for 10 of Medicare’s most popular and costliest drugs.AMANDA SEITZ (AP News)
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