Inflation Reduction Act

Why Medicare Is Right To Negotiate Drug Prices

The Biden Administration has announced its list of the first 10 drugs that will be subject to price negotiations, a step allowed for the first time when Congress passed last year’s Inflation Reduction Act. The Pharmaceutical Manufacturers’ Association (PhRMA), the main drugmaker lobby, blasted the law. No surprise there. But its reasoning is evidence of how perverse the US health [...]

By |2023-08-30T11:36:35-04:00August 30th, 2023|Medicare|0 Comments

Biden Would Make Big Changes In How Medicare Hospital Insurance Is Funded

In his budget due to be released tomorrow, President Biden will propose major changes in the way Medicare’s Part A hospital insurance program is funded. To ensure the program’s solvency, he’d shift hundreds of billions of dollars in tax revenues and allocate $200 billion in cost savings from other parts of Medicare to the hospital insurance (HI) trust fund. Biden’s [...]

By |2023-03-08T11:12:51-05:00March 8th, 2023|Medicare|0 Comments