The Inflation Reduction Act Will Lower Drug Prices
On August 16, 2022, President Biden signed the Inflation Reduction Act into law. It means lower prescription drug prices for millions of Medicare beneficiaries.
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Skyrocketing drug prices have forced millions of Americans, especially seniors and retirees, to choose between paying for medicine and paying for other basics like food and shelter.
Congress must take action to rein in pharmaceutical corporations and lower drug prices once and for all.
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KFF Health News: Save Billions or Stick With Humira? Drug Brokers Steer Americans to the Costly Choice
September 21, 2023: Tennessee last year spent $48 million on a single drug, Humira — about $62,000 for each of the 775 patients who were covered by its employee health insurance program and receiving the treatment. So when nine Humira knockoffs, kn Read More >
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Alliance Members Spread the Word about the Benefits of Medicare Drug Price Negotiation
September 07, 2023: Days after the Biden-Harris administration unveiled the list of 10 prescription drugs that will be subject to Medicare price negotiation, Alliance members across the country joined elected leaders and Cabinet officials to inform o Read More >
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White House Announces First 10 Drugs Up for Medicare Price Negotiation
September 01, 2023: On Tuesday, the Biden-Harris administration unveiled a list of the 10 prescription drugs that Medicare will negotiate lower prices for with drug corporations. The list has several drugs that many seniors use, including Eliquis Read More >
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Retirees Applaud Release of the First Ten Drugs That Medicare Will Negotiate Prices For With Drug Corporations
August 29, 2023: Statement by Richard Fiesta, Executive Director of the Alliance for Retired Americans on the Centers for Medicare and Medicaid Services’ release of the first ten drugs that will be subject to price negotiation. “It’s a la Read More >
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White House to Name First 10 Drugs for Medicare Negotiations Next Week
August 25, 2023: The Biden-Harris administration plans to unveil the first 10 drugs selected for Medicare price negotiations Tuesday, in a milestone in the president’s plan to lower the price of prescription drugs. Democrats in the House and Read More >
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Fact Sheet: The Inflation Reduction Act and Prescription Drug Prices
August 25, 2023: One in four people over the age of 65 report not taking at least one prescription drug as prescribed due to its cost. Meanwhile, pharmaceutical corporations are making record profits, lining the pockets of their executives and sha Read More >
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KFF Health News: New Alzheimer’s Drug Raises Hopes — Along With Questions
August 17, 2023: The FDA has approved Leqembi, the first disease-modifying treatment for early-stage Alzheimer’s and a precursor condition, mild cognitive impairment. Medicare has said it will pay for the therapy. Medical centers across the coun Read More >
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KFF Health News: The Real Costs of the New Alzheimer’s Drug, Most of Which Will Fall to Taxpayers
August 03, 2023: The first drug purporting to slow the advance of Alzheimer’s disease is likely to cost the U.S. health care system billions annually even as it remains out of reach for many of the lower-income seniors most likely to suffer from Read More >
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Retirees Concerned on Eve of Medicare’s 58th Anniversary
July 28, 2023: Washington, DC - Members of the Alliance for Retired Americans are marking the anniversary of Medicare and urging older Americans to be vigilant and ready to fight any attempts to raise the eligibility age or cut their earned heal Read More >
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KFF Health News: New Weight Loss Drugs Carry High Price Tags and Lots of Questions for Seniors
July 27, 2023: Corlee Morris has dieted throughout her adult life. After her weight began climbing in high school, she spent years losing 50 or 100 pounds then gaining it back. Morris, 78, was at her heaviest in her mid-40s, standing 5 feet 1 Read More >