Prescription Drug Prices Archives

NCPSSM At White House for Release of First Ten Drugs for Medicare Price Negotiation

Tuesday was an historic day in the effort to lower prescription drug prices for seniors. The Biden administration has released the names of the 10 life-saving drugs that will be subject --- for the first time ever --- to price negotiation between Medicare and Big Pharma. They are some of the most common and most expensive prescription medications that seniors take. These essential medications do everything from preventing blood clots and strokes to treating diabetes, and they will soon cost a lot less for the federal government and for patients.

Walter Gottlieb2023-08-29T17:51:07-04:00August 29th, 2023|Categories: Medicare, Medicare Drug Coverage and Costs, Prescription Drug Prices, President Biden|

Marking the First Anniversary of the Inflation Reduction Act

President Biden signed the historic Inflation Reduction Act (IRA) into law one year ago today. It was the first time Congress

NCPSSM2023-08-11T16:45:07-04:00August 16th, 2023|Categories: Congress, Democrats, Don't Cut Pills Cut Profits, Inflation Reduction Act, Medicare, Prescription Drug Prices|

White House Budget Would Boost Medicare, Help Seniors in Myriad Ways

President Biden’s bold 2024 budget proposal puts him squarely on the side of working Americans in their ongoing struggle for retirement and health security. The new White House budget would keep the Medicare Part A trust fund solvent until 2050.

Walter Gottlieb2023-03-10T11:50:52-04:00March 9th, 2023|Categories: Budget, Congress, Medicare, Medicare Advantage, Prescription Drug Prices, President Biden|

NCPSSM Celebrates New Drug Pricing Law at White House with President Biden, Advocates

National Committee President Max Richtman and other advocates joined President Biden at the White House on Tuesday for a celebration of the new law reducing prescription drug costs for Medicare beneficiaries, the Inflation Reduction Act. The event, held on the South Lawn, was attended by members of Congress, administration officials, and representatives of seniors’ groups including AARP, the Center for Medicare Advocacy, and the seniors’ council of the Democratic National Committee.

NCPSSM2022-09-15T10:17:02-04:00September 14th, 2022|Categories: Congress, Democrats, Joe Biden, Max Richtman, Medicare, Prescription Drug Prices|

Now Is Not the Time to Turn Our Backs on Seniors

“Now is not the time to turn our backs on seniors by cutting Social Security and Medicare!” declared Congressman Raja Krishnamoorthi

NCPSSM2022-08-30T15:59:41-04:00August 30th, 2022|Categories: Congress, Democrats, Max Richtman, Medicare, Medicare Advantage, Medicare Deciding on Part D Coverage, Prescription Drug Prices, President Biden, Senate, Social Security|

NCPSSM President and House Members Team-Up to Tout New Prescription Drug Pricing Measures

NCPSSM President and CEO Max Richtman joined two Pennsylvania congressmen in announcing that seniors will benefit from the just-enacted Inflation Reduction Act. Richtman appeared last week at Circle Pharmacy in Philadelphia with representatives Brendan Boyle (D-PA) and Dwight Evans (D-PA).

NCPSSM2022-08-23T14:25:09-04:00August 23rd, 2022|Categories: Congress, Democrats, Medicare, Medicare Drug Coverage and Costs, Prescription Drug Prices, President Biden|

House Passes Historic Prescription Drug Pricing Legislation

The U.S. House today passed historic legislation to bring down prescription drug prices for tens of millions of American seniors. The Inflation Reduction Act, which the Senate passed last weekend after intense negotiations between Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin, now goes to President Biden's desk for signature. It is the most sweeping health care legislation since the enactment of the Affordable Care Act in 2010.

NCPSSM2022-08-15T01:42:51-04:00August 12th, 2022|Categories: Congress, Democrats, Medicare, Medicare Drug Coverage and Costs, Medicare Part D and My Current Drug Coverage, Prescription Drug Prices, President Biden|

Prescription Drug Price Reform of Historic Proportions

Those who refer to the Inflation Reduction Act passed by the Senate this past weekend as “historic” are not exaggerating. The Act represents the most muscular legislation to date to try to tame rising prescription drug prices, which can be devastating for seniors.

NCPSSM2022-08-09T13:35:14-04:00August 9th, 2022|Categories: Congress, Democrats, Don't Cut Pills Cut Profits, Max Richtman, Medicare, Prescription Drug Prices, President Biden, Senate, Trump|

Much for Seniors to Cheer, Big Pharma to Jeer, in Senate Rx Deal

News of a deal between Senators Joe Manchin and Chuck Schumer for a broader reconciliation package including climate, inflation, and prescription

NCPSSM2022-07-29T17:14:36-04:00July 29th, 2022|Categories: Congress, Democrats, Medicare, Medicare Drug Coverage and Costs, Prescription Drug Prices, Senator Joe Manchin|

Manchin Pulls the Football Away from Schumer – and Medicare

Senator Joe Manchin has once again pulled the proverbial football away from Chuck Schumer just before the kick. After negotiating with the Senate Majority Leader over a pared-back version of the Build Back Better bill, Sen. Manchin has once again withdrawn his support - not for the entire plan, but for key components that would have helped seniors. He declared on Thursday that he would not support any new tax provisions. One of these provisions would have closed a loophole, compelling the wealthy to pay a 3.8% investment tax. The revenue would have been directed to the Medicare Part A trust fund, which is currently projected to run dry in 2028.