"Congressional budget estimators predicted about $100 billion savings over 10 years from drug negotiations and a $3.7 billion savings in the first year alone. Today we're announcing that in our first year of negotiations we are saving Medicare an estimated $6 billion and Americans who pay out of pocket will be saving another $1.5 billion moving forward," said the U.S. Department of Health and Human Services (HHS) Secretary Xavier Becerra.
"The negotiated drugs include those that are frequently dispensed as well as those that are the most expensive, and treat common conditions including cancer, diabetes, heart disease, and arthritis, according to CMS. The savings are significant."
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