Joe Biden administration achieves price reduction on popular Medicare drugs

• Medicare Drug Price Reduction.
• Projected savings of $6 billion.
• Impact on popular and expensive drugs.

The Joe Biden administration has reached agreements to reduce the price of 10 popular Medicare drugs.

However, no immediate details were provided about the new prices that seniors will pay.

The White House estimates that taxpayers will save $6 billion.

Seniors could save $1.5 billion on their prescriptions.

Impact on Key Drugs and Financial Estimates for Medicare

These figures are based on old estimates without details on the calculation.

The new prices will impact drugs used by millions of seniors.

Among the affected drugs are Xarelto, Eliquis, Jardiance, and Januvia.

Last year, Medicare spent $50 billion on these drugs.

This agreement is historic for Medicare, which covers 67 million people.

For decades, the government was unable to negotiate prices with pharmaceutical companies.

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«Pharmaceuticals could charge whatever they wanted,» said Neera Tanden.

The agreement is key in Kamala Harris’s presidential campaign.

Kamala Harris and Joe Biden will announce the new prices at a joint event.

They seek to convince voters that costs will go down after years of high inflation.

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