Tag: drug prices
President Biden, in his State of the Union speech, proposed giving Medicare the ability to negotiate lower prices for prescription drugs. I’m assuming the President means not only over-the-counter drugs covered under Part D but also medications administered in a doctor’s office covered under Part B. Medicare sorely needs that ability. While Medicare’s decision to…
Aduhelm, a drug developed recently by Biogen, has raised enormously important issues for Medicare. Biogen’s initial proposed price for Aduhelm was $56,000 per patient per year. Because Aduhelm is administered intravenously by physicians, it would be covered under Medicare Part B. (Medicare Part D covers retail prescription drugs.) While, to date, Medicare has covered virtually…
