HHS Announces Cost Savings for 64 Prescription Drugs Thanks to …

Dec 20, 2024 · Since April 1, 2023, people with Medicare have seen savings on over 120 drugs thanks to Inflation Reduction Act’s Medicare Prescription Drug Inflation Rebate Program. “The Inflation Reduction Act is working to lower prescription drug costs for millions of people,” said …

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Medicare Prescription Drug Costs To Be Capped At $2,000 Starting …

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13 hours ago · The Centers for Medicare & Medicaid Services (CMS) announced last week that the coinsurance costs for 64 drugs available through Medicare Part B will be reduced between …

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Medicare Imposes Savings On 64 Drugs Exceeding Inflation Rate

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Dec 20, 2024 · The HHS said over 853,000 people with Medicare use these drugs annually. Beneficiaries who take these medicines in the first quarter of 2025 may save between $1 and …

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New Medicare Drug Price Cap Kicks In Jan. 1 - The Hill

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12 hours ago · A key cost-saving provision of the Inflation Reduction Act (IRA) goes into effect in the new year, limiting annual out-of-pocket spending on prescription drugs to $2,000 for …

thehill.com

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Seniors Won’t Pay More Than $2,000 For Drugs At The Pharmacy

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19 hours ago · Starting in January, insurers will cover 60% of drug costs, with Medicare and drug manufacturers splitting the remaining 40% for brand-name drugs and Medicare picking up the …

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Statement From HHS Secretary Xavier Becerra As New $2,000 Out …

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1 day ago · The out-of-pocket drug cap is a major benefit of President Biden’s new lower cost prescription drug law, but it is not the only provision lowering drug costs for people with …

hhs.gov

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Stay Connected - The White House

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Nov 26, 2024 · Thanks to the President’s efforts, seniors are already seeing lower prescription drug costs with insulin capped at $35, free vaccines, and out-of-pocket costs for prescription …

whitehouse.gov

FAQs about HHS Announces Cost Savings for 64 Prescription Drugs Thanks to … Coupon?

Is Medicare reducing the cost of life-saving drugs?

WASHINGTON, D.C. — For millions of Americans on Medicare, relief is on the horizon. The U.S. Department of Health and Human Services (HHS), through the Centers for Medicare & Medicaid Services (CMS), has announced a game-changing reduction in costs for 64 life-saving drugs. ...

Will inflation reduce prescription drug costs?

“The Inflation Reduction Act is working to lower prescription drug costs for millions of people,” declared HHS Secretary Xavier Becerra. “By discouraging drug companies from raising their prices faster than inflation, we are keeping prices affordable for the people with Medicare who rely on these drugs to live healthier lives. ...

Will a lower cost prescription drug law help seniors and people with disabilities?

“The President’s lower cost prescription drug law continues to put money back in the pockets of seniors and people with disabilities,” said HHS Secretary Xavier Becerra. “President Biden and Vice President Harris promised to lower prescription drug costs – and they have delivered.” ...

Will Medicare beneficiaries save money on prescription drugs?

(AP Photo/Andrew Harnik) The Biden administration on Wednesday announced some Medicare beneficiaries will save money on 64 prescription drugs for the third quarter of this year as part of a program intended to rein in massive price hikes. ...

Will Biden-Harris help lower Medicare drug costs?

Thanks to President Biden and the new the Medicare inflation rebate program, seniors are protected and benefitting from lower Part B drug costs,” said White House Domestic Policy Advisor Neera Tanden. “The Biden-Harris Administration will continue fighting to bring down the cost of health care and prescription drugs for all Americans.” ...

Will HHS reduce drug prices in 2026?

Furthermore, HHS has reached agreement with drug manufacturers for the first ten negotiated drugs, with new prices that are reduced between 38 to 79 percent starting in 2026. The President’s new actions are all in addition to an already impressive track record on fighting for the health care of Americans across the nation. ...