The Biden administration on Tuesday unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off a controversial process that aims to make costly medications more affordable for older Americans.

President Joe Biden’s Inflation Reduction Act, which passed in a party-line vote last year, gave Medicare the power to directly hash out drug prices with manufacturers for the first time in the federal program’s nearly 60-year history. The agreed-upon prices for the first round of drugs are scheduled to go into effect in 2026.

  • 🐱TheCat@sh.itjust.works
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    1 year ago

    It’s always whatever it takes to help the old. The usa was made for and will die by the hands of ‘the greatest generation’ aka the greediest generation

    All drug prices should be heavily regulated and capped, not just the ones old people need.

    • kent_eh@lemmy.ca
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      1 year ago

      It’s always whatever it takes to help the old

      3 of them are diabetes medicine. That is not exclusively an “old person’s disease”

      4 others are for heart disease. Again, not exclusively a geriatric issue.

      Given the obesity issues that America has in abundance, I would suggest these drugs are well chosen to help a signifigant portion of the population.