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Mark Cuban's online pharmacy saved a patient $1,000 monthly on prescriptions
For years, Democrats have tried to pass legislation that would allow Medicare to negotiate directly with manufacturers, as Cost Plus Drugs does, to lower prices for seniors. Over the past week, those legislators made a major step forward when both the U.S. House and Senate passed the Inflation Reduction Act. It would let Medicare negotiate prices for a limited number of drugs and also limit out-of-pocket medication costs for Medicare recipients to $2,000 annually.
But the legislation didn’t go as far as some had hoped. For example, a provision that would have capped insulin costs at $35 per month for private insurance customers was removed before the Senate vote.
For years, Democrats have tried to pass legislation that would allow Medicare to negotiate directly with manufacturers, as Cost Plus Drugs does, to lower prices for seniors. Over the past week, those legislators made a major step forward when both the U.S. House and Senate passed the Inflation Reduction Act. It would let Medicare negotiate prices for a limited number of drugs and also limit out-of-pocket medication costs for Medicare recipients to $2,000 annually.
But the legislation didn’t go as far as some had hoped. For example, a provision that would have capped insulin costs at $35 per month for private insurance customers was removed before the Senate vote.
