All 10 Drugs Agree to Medicare Price Negotiations

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All 10 Drugs Agree to Medicare Price Negotiations
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The Biden administration said Tuesday that the manufacturers of all of the first 10 prescription drugs it selected for Medicare's first price negotiations have agreed to participate, clearing the way for talks that could lower their costs in coming years and giving the...

The Biden administration said Tuesday that the manufacturers of all of the first 10 prescription drugs it selected for Medicare's first price negotiations have agreed to participate, clearing the way for talks that could lower their costs in coming years and giving the White House a potential political win heading into next year's presidential election.

In all last year, 9 million seniors and other Medicare beneficiaries paid more than $3.4 billion on these 10 drugs alone, the White House said. Still, promises to lower prescription drug costs are a key part of Biden’s reelection pitch to voters — even as the Democratic president has so far struggled to convince the public that his administration’s policies have lowered health care expenses and cut other everyday costs.

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