Trump's Executive Order Aims to Lower US Drug Prices by Matching International Rates
President Trump signed an order to lower US drug prices by matching rates in other countries. Find out how this affects Medicare Part B and what experts think.
#DrugPrices, #TrumpOrder, #MedicarePartB, #HealthcareCosts, #USvsEurope
https://newsletter.tf/trump-executive-order-lower-us-drug-prices-match-international-rates/
President Trump signed an executive order to lower US drug prices. This order aims to match prices paid in other developed countries, a move that could significantly change costs for some medications.
#DrugPrices, #TrumpOrder, #MedicarePartB, #HealthcareCosts, #USvsEurope
https://newsletter.tf/trump-executive-order-lower-us-drug-prices-match-international-rates/
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.
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