THANK YOU, Joe Biden and Kamala Harris! President Biden and Vice President Harris announced today for the Biden-Harris Administration that the first set of ten drugs has been selected for Medicare Price Negotiation.
This is on top of the progress Biden-Harris previously made when they reduced the cost of insulin to $35 for people with Medicare. Now, thanks to the Inflation Reduction Act, Medicare can negotiate directly to get better prices. It took Biden’s dedication and all the Democrats in Congress to get this done.
Big Pharma hated it, and all Republicans voted no. Americans pay more for drugs than anywhere else in the Western World.
The first drug prices to be negotiated are as follows. There are more to be negotiated over the next four years.
- Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica, Stelara, and a package of diabetes drugs—Fiasp, Fiasp FlexTouch, Foap PenFill, NovoLog, NovoLog Flex Pen, NovoLog PenFill.
EDITOR’S NOTE: We are posting this as both an Opinion and in our hard news section to the right because of the importance of cutting drug prices for our seniors. The only thing that is still an opinion is, as mentioned in the Washington Post article below, that the “bad guys,” i.e., Big Pharma and the drug industry, are suing to try to change the law. Senator Amy Klobuchar says, “We’ve got the law on our side. We’ve got the facts on our side, and we have the people on our side.”
Professor Rachel Sachs, a professor at Washington University’s School of Law, called the Biden-Harris announcement “a big milestone.”