This is huge:
Yesterday, the White House announced the long-awaited results of its first round of price negotiations with the pharmaceutical industry, and 9 out of 10 of the most expensive and popular medications under Medicare are being slashed in half or more!
These are just some of the examples:
Over the next few years, Medicare will incrementally begin negotiating the prices of a larger and larger set of the most expensive pharmaceutical drugs. As a result of this first round of price negotiations, the Medicare program will save $6 billion on prescription drugs and Medicare beneficiaries will save an additional $1.5 billion in out-of-pocket costs in just 2026 alone.1 That is a significant material difference in people’s lives.
These cuts to out-of-pocket costs were made possible through the Inflation Reduction Act and Vice President Kamala Harris’ tie-breaking vote in the Senate, and they’re just the beginning.
It is an amazing win and a great example of what we propose in a single-payer health care system like Medicare for All: Medicare should negotiate ALL drug prices and provide guaranteed care for all, regardless of a person’s ability to pay.
This progress was made possible because of years of organizing across the health care justice movement. We took on Big Pharma and won. But we have to continue building on this momentum.
Are you with us? Sign on to let us know you’re ready to keep up the fight for health care justice →
This is just the beginning.
In solidarity,
Nurses’ Campaign to Win Medicare for All
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