#medicarepartb — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #medicarepartb, aggregated by home.social.
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The #Biden admin on Wed announced cost savings on 64 additional #drugs under a new #Medicare program.
Under the 2022 #InflationReductionAct, drug companies that raise prices of certain meds faster than the rate of #inflation are required to pay a rebate to Medicare. Federal ofcls then perform adjustments to lower the cost of the #MedicarePartB drugs that qualify.
Biden ofcls say that >750k people covered by Medicare use the 64 drugs; the drugs treat conditions such as #cancer & #osteoporosis. -
In total, the 10 #drugs selected for negotiation accounted for $3.4 billion in #out_of_pocket #costs for an estimated 9 million #Medicare enrollees in 2022. These drugs are used to treat #HeartFailure, #diabetes, #arthritis, #cancers, #BloodClots, & other conditions.
Over the next 4 years, Medicare will negotiate prices for up to 60 drugs covered under #MedicarePartD & #MedicarePartB, & up to an additional 20 drugs every year after that.