Chapter
Medicare's Impact on Prescription Drug Prices
Medicare's new bill aims to negotiate lower drug costs with pharmaceutical companies and sets a cap limit of $2,000 for seniors' annual out-of-pocket expenses on prescription drugs, a potentially life-changing improvement on their financial burden.
Clips
President Biden discusses using executive powers to combat climate, the significance of Build Back Better legislation, and waiting to assess inflation figures during a West Virginia radio interview.
07:10 - 09:44 (02:34)
Summary
President Biden discusses using executive powers to combat climate, the significance of Build Back Better legislation, and waiting to assess inflation figures during a West Virginia radio interview.
ChapterMedicare's Impact on Prescription Drug Prices
EpisodeHow Democrats Salvaged a History-Making Bill
PodcastThe Daily
The new bill will allow Medicare to negotiate directly with pharmaceutical companies to lower the cost of prescription drugs, potentially saving taxpayers and Medicare beneficiaries money.
09:44 - 13:08 (03:24)
Summary
The new bill will allow Medicare to negotiate directly with pharmaceutical companies to lower the cost of prescription drugs, potentially saving taxpayers and Medicare beneficiaries money. The bill also includes a cap on out-of-pocket expenses for seniors at $2,000 per year.