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Just saw the TV ad from AARP concerning Medicare negotiating drug prices. Finally, someone is willing to stand uo to Big Pharma. I expect that AARP will lose some ad revenue, but it is extremely gratifying that AARP is finally doing something. Just giving cover for allies in Congress is a great help.
Like anything else we have to know what is in it to see how it affects us -
It all depends on how it affects cost; cost for everybody and Medicare - it seems it has savings to the government - 1st and then to some consumers. The cap set at $ 2000 sounds good - but how much will premiums rise in these plans?
Here is a synopsis of what is currently in this part of the BBB bill - it may will get sliced and diced even more and not on its merits alone - it is part of a huge spending bill.
KHN 11/05/2021 - Despite Restraints, Democratsโ Drug Pricing Plan Could Still Aid Consumers
I know that this is not what most would consider a drug negotiation program at least not like the VA system.
We already have select Med D plans (Senior Savings Models) that caps specific insulin cost at $ 35.00.
AARP 05/26/2020 - New Medicare Program to Cap Insulin Monthly Copays at $35 Next Year