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The Latest Breaking News from Medicare

Medicare starts a long road to cutting prices for drugs, starting with 10 costing it $50.5 billion annually – a health policy analyst explains why negotiations are promising but will take years

The Biden administration released on Aug. 29, 2023, a list of the first 10 drugs that will be up for negotiations with pharmaceutical companies over their Medicare prices.

The Conversation

We need a new way to pay for aged care. But it can't shut out those on low incomes

Aged-care funding is again on the agenda, with the latest Intergenerational Report predicting Australia’s aged population will triple over the next 40 years. As a community, we will need to spend more on aged care than we do today, with aged-care spending expected to more than double its share of…

The Conversation

Medicare Lists First 10 Drugs for Talks On Lowering Your Costs

New prices for Medicare Part D drugs on list expected in 2026.

Kiplinger

From analysis to the latest developments in health,
read the most diverse news in one place.

Too many young people who've been in detention die prematurely. They deserve better

Young people in contact with the criminal justice system – be it under community-based orders or in youth detention – are among the most marginalised in our society. And the health and health-care disadvantage faced by these young people may be evident for years.

The Conversation

Biden touts Medicare negotiating drug prices: ‘Today is the start of a new deal for patients’

Announcement comes as Medicare names the drugs it will begin negotiations for prices

The Independent UK

Here are the drugs Biden is targeting first for Medicare price-lowering talks

A pharmaceuticals lobbying group is criticizing the list of drugs President Joe Biden says he’s targeting for price negotiations to cut Medicare costs

The Independent UK

Watch live: US president Joe Biden delivers speech on lowering health care costs

US President Joe Biden will deliver a speech on lowering healthcare expenses for patients at an event at the White House.

The Independent UK

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What Biden’s announcement of Medicare negotiating drug prices means

Democrats have long wanted to allow Medicare to negotiate drug prices, which it hopes will lead to lower prescription costs

The Independent UK

Biden names 10 drugs for first negotiations to cut Medicare prices

Government claims prices could fall for 9m seniors but pharma companies claim cost-reduction program is unconstitutional

The Guardian - US

See which drugs Biden is targeting first for Medicare price-lowering talks

A pharmaceuticals lobbying group is criticizing the list of drugs President Joe Biden says he’s targeting for price negotiations to cut Medicare costs

The Independent UK

Biden targets diabetes drug Jardiance, blood thinner Eliquis, and 8 others for controversial Medicare price talks. But any relief is still years away

The move is expected to cut costs in a few years for some patients but faces litigation from the drugmakers and heavy criticism from Republican lawmakers.

Fortune

Biden targets Jardiance, Eliquis and 8 other prescription drugs for Medicare price talks

President Joe Biden says for many Americans the cost of one drug can be “the difference between life and death” as his administration announces the first drugs that’ll be targeted for price negotiations in an effort to cut Medicare costs.

Chicago Sun-Times

US names 10 prescription drugs subject to price negotiations

Move is expected to cut costs for some patients but faces lawsuits from drugmakers and heavy criticism from Republicans.

Al Jazeera

HHS lists first 10 drugs subject to Medicare price negotiation - Roll Call

The program is a major priority for Joe Biden, who ran for president in part on the promise to allow Medicare to negotiate drug prices.

Roll Call

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WEKU

Here are the first 10 drugs that Medicare will target for price cuts

The government will negotiate new prices for the commonly prescribed drugs, but the cuts won't take effect until 2026. In the meantime, drugmakers are fighting the negotiations with lawsuits.

Fortune

Does Medicare pay for nursing home care?

One of the biggest expenses Medicare beneficiaries are likely to face will be long-term care.

The Conversation

Transcranial magnetic stimulation can treat depression. Developing research suggests it could also help autism, ADHD and OCD

Since the start of the COVID pandemic, there has been more attention given to problems of mental ill-health including depression than ever before. A new therapeutic option, especially for depression, transcranial magnetic stimulation, is slowly helping to address some of these considerable unmet needs in our community.

Fortune

Does Medicare cover stair lifts? What older adults need to know to age in place

A stair lift can cost thousands of dollars and is not covered by traditional Medicare.

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Dynamite News

Scientists reveal how living alone can put people with cognitive decline at risk

One in every four senior Americans with dementia or mild cognitive impairment lives alone, making them vulnerable to risky driving, wandering outside the home, mixing up medications, and skipping appointments. Read further on Dynamite News:

StockNews.com

3 Medical Stocks Dominating the Industry

Thanks to the non-cyclical nature and the increasing demand for healthcare services, the healthcare industry should continue to brave most market challenges. Hence, it could be an opportune time to explore dominating medical stocks: Elevance Health (ELV), Centene Corp. (CNC), and Molina Healthcare (MOH), which might garner substantial returns for…

Fortune

Does Medicare Part D still have a donut hole? What you need to know

The donut hole is closed, but that doesn't mean there's not a coverage gap.

Fortune

Are Medicare premiums tax deductible? Yes—but only in certain circumstances

An expert helps cut through the confusion.

Fortune

How to choose a Medicare Part D prescription drug plan

Taking the time to figure out which plan is right is vitally important for the 53 million Medicare beneficiaries with prescription drug coverage.

Kiplinger

Hospitals Say Increased Medicare Reimbursement Is Not Enough: Kiplinger Economic Forecasts

Medicare will bump up hospital reimbursements by 3.1% in 2024, but the industry says it's not enough as it comes off its worst financial year of the pandemic.

Roll Call

Mucarsel-Powell enters race to challenge Scott in Florida - Roll Call

Former one-term Rep. Debbie Mucarsel-Powell is running to be the Democratic challenger to Republican Sen. Rick Scott in Florida.

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