People ages 65 and up will likely see significant out-of-pocket savings on prescription drugs, and #Medicare will also save billions (out of spending of hundreds of billions)

These prices are scheduled to take effect in 2026:
https://theconversation.com/biden-administrations-negotiated-price-cuts-for-10-common-prescription-drugs-likely-to-save-medicare-billions-beginning-in-2026-236978

President Joe #Biden is scheduled to appear alongside MVP #KamalaHarris at an event in #Maryland on Thurs at which they are expected to tout billions of dollars in initial savings from an ongoing effort to negotiate w/ #pharmaceutical companies over the prices of #drugs used by Americans on #Medicare.

#Trump plans to hold his second *#news* conference in as many weeks, this one at his golf club in #NewJersey.

#Election2024 #HarrisWalz2024
https://www.washingtonpost.com/politics/2024/08/15/2024-election-campaign-updates-harris-trump/

“#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”

https://apnews.com/article/biden-drug-prices-medicare-prescriptions-34886d6f362c242be268c05d5efd5411?taid=66bdc7d6cc098600015be4fb&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter

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)}