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Thu Nov 19, 2020, 08:06 PM

Biden's health care policy will change Medicare in 2 big ways [View all]

President-elect Joe Biden’s biggest goals for Medicare are reining in high drug prices, while making the government healthcare program available to more older Americans.

“The Biden plan reduces pharmaceutical companies’ influence on providers through price stabilization thereby encouraging the best treatments for Americans,” said Justin Beck, CEO of Contakt World, a healthcare technology company, “not necessarily the treatments that provide the most profits to pharmaceutical companies who aggressively market prescriptions to providers.”

Biden’s proposals come when two-thirds of Americans reported their prescription drug prices have increased since 2017, according to a recent Gallup survey, and drug prices have jumped by 33% since 2014, according to study from GoodRx.

“The last thing you need when you’ve finally retired is to have the rug pulled out from underneath you by a 500% price increase for a medication that keeps you alive,” said Beck, CEO of Chapter, an independent Medicare advisor.


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Reply Biden's health care policy will change Medicare in 2 big ways [View all]
Yo_Mama_Been_Loggin Nov 2020 OP
David__77 Nov 2020 #1