In a news release from the White House, the president urged Congress to pass legislation that would:
- Cap Medicare Part D beneficiary annual out-of-pocket pharmacy expenses
- Provide an option to cap Medicare Part D beneficiary monthly out-of-pocket pharmacy expenses
- Offer protection for seniors against the out-of-pocket costs incurred when their income rises above a certain level
- Give insurance companies an incentive to negotiate better prices for costly drugs
- Limit drugmakers’ price increases
The list of policy ideas already have bipartisan support, according to the White House, and would “bring lasting relief from incredibly high drug prices for America’s seniors.”
Read the full news release here.
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