What to know about reduced Medicare drug prices

On Thursday, the Biden administration announced lower costs for 10 prescription drugs following the first-ever round of price negotiations between Medicare and pharmaceutical companies. CBS News medical contributor Dr. Celine Gounder joins to dive into the price cuts.

[donnamoore]

By the time it lowers, I'll be dead.

[alexi]

2026 may too late for some people. I'm hoping there is a way to boost it so those who need it can get it.

[hoklau]

PBMs often pocket the savings instead of passing them on to consumers. Eliminating PBMs should be part of any program to bring down prices of prescription drugs

[greyscout]

Just in time for the election. What a bunch of

[ericbond]

will Part D go up to make up for the decrease? Adage: One hand give ith and u know the rest.

[olgalar]

In Europe the price of Xarelto is 66 euros (about 70 dollars). Here in the US prices are insane even after this big win it’s still $197

[joannewsome]

Why does it take so long to go into effect?

[earlherbnichol]

Some of these drugs will be available as generic by 2026. The generic price will naturally be much lower. This is deceptive BS.

[minorperez]

Only ten? There thousands of over priced drugs people take daily. But I guess something is better than nothing

[leslieann]

So the US government negotiated a discount for themselves. Since Medicare is controlled and paid for by them. After fine print qualifiers and med plan change bs not much will be different. I'm sure dr. Apts& all other services will decrease too, right? 🎉😂🎉

[Bess]

Nothing like proudly stepping up to bat when the game is already over.

[bobjeep]

I know who's going to make up the difference.

[Phantom_Adventurer]

Biden & Harris should have did this 4 years ago.

[paddy]

Still 2 Take Yall's time.... NO BIG rush.... HA! HA! what a Thanks HA! What a clown

[BasilCooper-wvnt]

Poor people can't get medications

[lindahyatt]

Well in Canada and other countries the cost is so much lower . US panders to big pharma.

[RobGenson]

These are the thing that a real president does for the American citizens

[wmrustycox]

If the President had the ability to have drug prices lowered.. why did he wait until his last few months in office ?
Us... real people are going broke right now... from several causes, not the least of which are drug prices... why wait ???

[Wcnmb]

Why is this even news when drug doesn't contribute as much to medical expenses? In the meantime hospitals and clinics charge crazy amount for basic services

[nancycintron]

Medicine reduce but the food gas and interest and mortgages and car insurance and electric and water bill go up ⬆️ 🤷‍♀️🤪😵‍💫🤦‍♀️☢️