"For years, millions of Americans were forced to choose between paying for medications or putting food on the table, while Big Pharma blocked Medicare from being able to negotiate prices on behalf of seniors and people with disabilities," President Joe Biden stated. This reflects the longstanding struggle many face in affording essential medications and the systemic barriers preventing equitable access to healthcare.
"The discounts, agreed to after months of negotiations with drug manufacturers, range between 38% and 79% on the medication's list price," indicating significant savings for seniors. This is a transformative moment for Medicare, showing a shift towards prioritizing the financial wellbeing of older Americans by reducing their out-of-pocket costs for crucial medicines.
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