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The Challenge for Medicare Part D Patients: Inability to Utilize Pharmaceutical Programs to Reduce Medication Costs

Society for Participatory Medicine

A sample Medicare Part D illustration from Senior-Advisors.com. Introduction In the United States, Medicare Part D provides prescription drug coverage for millions of seniors and individuals with disabilities. See sample illustration, year 2020, from Medicare advisor site Senior-Advisors.com.] Let us know in the comments.

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Biden administration flags dozens of pharma companies to pay Medicare rebates for 'outrageous' price hikes

FierceHealthIT

The Biden administration is cracking down on pharmaceutical companies as part of its price-fighting measures under the Inflation Reduction Act. | The Biden Administration announced Thursday a list of 48 Part B drugs with prices that rose faster than the rate of inflation in the final quarter of 2023. Here's what they plan to do now.

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AARP court brief backs Medicare price negotiation program

FierceHealthIT

In a federal lawsuit, AARP is supporting Medicare’s new ability to negotiate drug prices with pharmaceutical companies, ahead of CMS naming the first 10 prescription drugs next month. The nation’s leading lobbying group for older Americans is supporting the U.S. |

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The legal battle over drug price negotiations is just getting started

FierceHealthIT

Pharmaceutical companies are waging war against federal agencies over one of the Inflation Reduction Act’s major provisions allowing Medicare to negotiate 10 drugs to reduce out-of-pocket costs for | Legal experts question whether the Inflation Reduction Act is within its rights to enforce its drug pricing negotiation provision.

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Aduhelm and Alzheimer’s Disease: A Potential Medicare Budget-Buster Puts A Blazing Light on Health Care Costs and Innovation

Health Populi

consumers’ bipartisan support for drug price regulation through Medicare negotiation and private/commercial sector adoption. The post Aduhelm and Alzheimer’s Disease: A Potential Medicare Budget-Buster Puts A Blazing Light on Health Care Costs and Innovation appeared first on HealthPopuli.com. and beyond.

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What If Costco Designed the Prescription Drugs Sales Model?

Health Populi

In 2006 the Medicare Part D program was implemented, covering older Americans for prescription drugs for the first time. Medicare further drove expansion of generic drug utilization, with co-pays for generics lower for Medicare enrollees than branded drugs. While these four actions to lower drug costs garner over 80% of U.S.

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The New Drug Companies Aren’t Drug Companies At All

Health Populi

This research organization will develop medicines targeting older adults — which makes sense because Clover Health’s target consumer market is Medicare Advantage beneficiaries. In May this year, Civica Rx signed an agreement with Xellia Pharmaceuticals to supply essential antibiotics to Civica’s member health systems.