[et_pb_section fb_built=”1″ admin_label=”!!! PLEASE DO NOT EDIT !!!” _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row admin_label=”!!! PLEASE DO NOT EDIT !!!” _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”TO BE EDITED – SUMMARY – Click on the WHEEL icon to open the textarea where you can paste or type your summary. The summary condenses the main points for the news that starts below. The summary is in bold and not longer than 300 characters, including spaces. The counter at the bottom can help.” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||20px||false|false” global_colors_info=”{}”]<\/p>\n
In August, 2024 Centers for Medicare and Medicaid finalized negotiations to reduce the prices paid for 10 pharmaceuticals. <\/strong><\/p>\n [\/et_pb_text][et_pb_text admin_label=”TO BE EDITED – TEXT OF THE NEWS – BLOCK 1 – Click on the WHEEL icon to open the textarea where you can paste or type your news. PLEASE USE ONLY THE FEATURED IMAGE FUNCTION on your right column to add the image.” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||1em||false|false” global_colors_info=”{}”]<\/p>\n Price negotiations with pharmaceutical companies focused on 10 of Medicare\u2019s costliest drugs. Medicare <\/a>provides health insurance coverage for persons 65 and older, and is largely funded through payroll taxes, paid into the Medicare trust funds<\/a>, administered by the Department of the Treasury. The Inflation Reduction Act<\/a> (signed in August 2022) allows Medicare to directly negotiate prices under certain conditions. This price deal from the first round of negotiations will come into effect on January 1, 2026.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”TO BE EDITED – TEXT OF THE NEWS – BLOCK 2 – Click on the WHEEL icon to open the textarea where you can paste or type your news. PLEASE USE ONLY THE FEATURED IMAGE FUNCTION on your right column to add the image.” _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n Drug costs<\/a> are a significant driver of overall health costs worldwide, and Out of Pocket expenditure in general. This is particularly true in USA. Furthermore, US health spending is one of the highest in the world <\/a> (and although the country excels in leading edge treatments), however some health indicators lag<\/a>. The efforts to decrease costs to Medicare are expected to make the program more efficient.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" In August, 2024 Centers for Medicare and Medicaid finalized negotiations to reduce the prices paid for 10 pharmaceuticals. Price negotiations with pharmaceutical companies focused on 10 of Medicare\u2019s costliest drugs. Medicare provides health insurance coverage for persons 65 and older, and is largely funded through payroll taxes, paid into the Medicare trust funds, administered by…<\/p>\n","protected":false},"author":1575,"featured_media":987714673,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[],"tags":[134],"acf":[],"_links":{"self":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987714668"}],"collection":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/users\/1575"}],"replies":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/comments?post=987714668"}],"version-history":[{"count":12,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987714668\/revisions"}],"predecessor-version":[{"id":987714952,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987714668\/revisions\/987714952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media\/987714673"}],"wp:attachment":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media?parent=987714668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/categories?post=987714668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/tags?post=987714668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}