The Biden administration has initiated Medicare drug price negotiations under the Inflation Reduction Act, aiming to lower prescription drug costs for Americans. The negotiations involve sending price offers to the manufacturers of the 10 most expensive drugs in the Medicare program. The Act, which empowers Medicare to negotiate drug prices, is expected to result in significant savings for Medicare recipients, potentially up to 25%. Additionally, the Act has already capped the cost of insulin for Medicare beneficiaries at $35 per month, leading to lower prices for all Americans. Democrats, including @POTUS, have championed the Act, emphasizing its role in reducing healthcare costs and putting money back into seniors' pockets. The Act has also led to reduced premiums, capped out-of-pocket costs for prescription drugs, and substantial savings for seniors and working families.
Thanks to provisions I led in the Inflation Reduction Act, insulin costs were lowered for nearly 6,600 Granite State Medicare recipients. It's time to finish what we started by capping prices for all who rely on this lifesaving drug—it's critical Congress passes my INSULIN Act.
Americans pay the highest prices in the world for for prescription drugs. Drug prices in the U.S. are more than 2.5 times that in other industrialized nations. @SenAmyKlobuchar https://t.co/ecmDn4P1A0
In 2022 I helped pass the Inflation Reduction Act — without a single vote from the @HouseGOP. This groundbreaking legislation capped monthly insulin costs at $35 a month for Medicare recipients — now NW Ohio Seniors are seeing a $480 annual savings on their insulin costs. https://t.co/U4RNXTzDvs
Democrats’ Inflation Reduction Act is working and lowering costs for Americans. Seniors' prescription drug out-of-pocket costs are capped at $3,300 this year and will be capped at $2,000 starting next year. https://t.co/fKT3kKdAWe
I helped pass the Inflation Reduction Act – now, we’re seeing the results of this transformative legislation. According to @HHSGov, 235,000 Minnesotans will save nearly $500 per year on prescription drug costs. I’ll keep working to increase health care access & lower costs.
I fought to pass the Inflation Reduction Act and I'm proud to see how it's reducing health care costs for New Yorkers: 💲Premiums have been reduced for ~159k NYers 💲Insulin capped at $35/month for ~75k NYers 💲NYers will save $446+ million on out-of-pocket prescriptions in 2025 https://t.co/DHeGW3NLdB
Because we passed the #InflationReductionAct, Medicare is capping seniors' out-of-pocket drug costs and directly negotiating lower prices for consumers! https://t.co/EOgzDulJDz
People shouldn’t have to choose between filling life-saving prescriptions and paying for other essentials like rent or groceries. For the first time ever, Medicare is negotiating with Big Pharma to lower drug prices. This is a huge win for seniors and working families.
Millions of Americans are paying less for lifesaving prescription medications — all thanks to Democrats' Inflation Reduction Act. We took on Big Pharma to deliver for seniors and put money back into your pockets. And there are more savings to come. https://t.co/DghPoQ4XNI
No senior should have to choose between paying their bills or covering the cost of their prescription drugs. That’s why I led the effort to create a spending cap for Part D drug prices in the Inflation Reduction Act – saving seniors thousands of dollars. https://t.co/TqneDtRdz1
We stood up to Big Pharma to lower the cost of prescription drugs and allow Medicare to negotiate the prices of some medications. This week negotiations started for 10 widely prescribed drugs under Medicare Part D. I will keep working to lower health care costs.
The Biden admin just took the next step in negotiating for more affordable Rx drugs thanks to the Democrats’ Inflation Reduction Act. This is a huge step in delivering on our promise to tackle skyrocketing Rx prices & make health care more affordable. https://t.co/oyzAowVZSY
This is a big step forward to help us lower prescription drug costs for seniors—and it's possible thanks to the deciding vote I cast in the Senate to pass the Inflation Reduction Act. https://t.co/sPy3q8ZWeS
For years, lawmakers talked about giving Medicare the power to negotiate drug prices so seniors can afford medications. @HouseDemocrats got it done. This week, @POTUS sent the first proposals to manufacturers to lower prices – ensuring seniors keep more money in their pockets!
ICYMI: Yesterday the first-ever negotiations between Medicare and Big Pharma for lower prescription drug costs began. Patients and movements demanded this. Democrats fought for it and passed it in the Inflation Reduction Act. We can and will lower the cost of lifesaving drugs. https://t.co/E0omEgeIkd
Negotiating prescription drug prices against Medicare will ensure that fewer Americans have to choose between putting food on the table and getting the medicine they need. The Inflation Reduction Act is making that happen — that’s why I voted for it. https://t.co/cHjS3Y3q9u
The Biden Admin negotiating drug prices in Medicare. https://t.co/WVTzjHYJ2y
Today the Biden Administration began the first-ever round of negotiations on drug prices for Medicare recipients. This is history in the making. We empowered @POTUS to negotiate lower prices with the Inflation Reduction Act. Every single Republican voted no. https://t.co/UG2dYBhyP1
Great news! Today, Medicare sent offers to manufacturers of the first 10 drugs selected for Medicare drug price negotiations. This is a big step in taking on Big Pharma and putting money back in Texas seniors' pockets. https://t.co/E7p5JAtySu
Because of the legislation we passed to allow Medicare to use its buying power to negotiate, lower prescription prices are coming soon. https://t.co/iNEDkWNaFy
This is welcome news! I took on big pharma to finally allow Medicare to negotiate lower prescription drug costs and it’s good to see our legislation being put to work! https://t.co/YPgmb2SSXK
When @POTUS' drug law capped the cost of insulin for Medicare beneficiaries, insulin manufacturers followed suit & lowered the price to $35/month for everyone. Our Medicare Drug Price Negotiations can have the same effect. We'll fight to lower Rx drug prices for ALL Americans. https://t.co/4BxjPXIMDg
🚨 Medicare drug price negotiations start today🚨 The #InflationReductionAct is lowering health care costs for millions of Americans by allowing Medicare to negotiate drug prices. Medicare recipients could see up to 25% in savings. That's how #DemocratsDeliver https://t.co/Dl6freXH5h
Thanks to the Inflation Reduction Act, Medicare can now negotiate lower drug prices. https://t.co/6MyDg6hD1J
In America, we pay three times more for prescription drugs than they do in other countries. @POTUS fought to change that. Today, we sent our price offers to the drug companies producing the 10 most expensive drugs in the Medicare program. Now, we can negotiate for lower prices. https://t.co/ZZOreO41Fw
Medicare drug price negotiation is officially underway! I authored these provisions in the Inflation Reduction Act to put an end to the days of Americans paying more than people in other countries for the same drugs. https://t.co/pEW8ayrzXf