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Biden Administration lists 10 drugs subject to Medicare price negotiations
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The Biden administration has today taken a significant step towards addressing the affordability of prescription drugs for older Americans.
Recent changes to the Medicare bill allow Medicare to engage in direct price negotiations with pharmaceutical manufacturers.
Scheduled to be implemented in 2026, the prices agreed upon during these negotiations will apply to the initial set of 10 prescription drugs. The aim is to alleviate the financial burden associated with expensive medications and promote accessibility for the elderly.
Here is the list of the 10 drugs that will be subject to the initial negotiations this year:
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