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Meena Seshamani - 3 Joe Biden - 3 Biden - 3 Seshamani - 1 Darren Hotton - 1 Hotton - 1 that's - 1 Catherine - 1
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☆ Medicare open enrollment may help you cut health-care costs for next year. Here's what to know
  + stars: | 2023-10-18 | by ( Lorie Konish | Andrew Graham | Founder | ) www.cnbc.com   time to read: +7 min
Andreswd | E+ | Getty ImagesMedicare beneficiaries have until Dec. 7 to change their Medicare health and prescription drug coverage for the coming year through open annual enrollment. Starting in 2024, people who face high prescription drug costs will not have to pay anything out of pocket once they hit the catastrophic phase of their benefits, she noted, thanks to new prescription drug legislation. Notably, Medicare beneficiaries who take insulin currently do not have to pay more than $35 per month for covered prescriptions. There are other reasons why Medicare beneficiaries should pay attention to the annual enrollment period this year. Medicare open enrollment is when beneficiaries can shop around for health plans or prescription drug coverage that better meet their needs.
Persons: Meena Seshamani, Seshamani, Darren Hotton, Hotton, that's, Catherine, There's Organizations: Getty, Center, Medicare, Centers, Services, National Council, Aging, Insurance, State Health Insurance Locations: Catherine Falls, Medicare.gov, ShipHelp.org, Utah
☆ After slums and monkeys, Delhi removes stray dogs from streets as G20 nears
  + stars: | 2023-09-07 | by ( Anushree Fadnavis Sakshi Dayal | Anushree Fadnavis | Sakshi Dayal | ) www.reuters.com   time to read: +3 min
[1/5] A Municipal Corporation of Delhi (MCD) official catches a stray dog using a rod with a loop, near Indira Gandhi International Airport ahead of the G20 summit in New Delhi, India, September 5, 2023. The Municipal Corporation of Delhi (MCD) did not directly link the removal of stray dogs to the summit, stating that the canines are being picked up "only on an urgent need basis". Reuters' witnesses saw MCD teams capturing dogs using rods with a loop at one end. Sanjay Mohapatra, founder of the House of Stray Animals NGO, termed the action "needless". "If delegates see people feeding stray dogs, it will actually create a good impression of the country," he said.
Persons: Anushree, Joe Biden, Rishi Sunak, Prince Mohammed Bin Salman, Justin Trudeau, Fumio Kishida, Ambika Shukla, Sanjay Mohapatra, Friendicoes, Geeta Seshamani, Anushree Fadnavis, Sakshi Dayal, Raju Gopalakrishnan Organizations: Municipal Corporation of Delhi, Indira Gandhi, Airport, REUTERS, Authorities, U.S, British, Canadian, Japanese, Reuters, Animals, Stray Animals, Thomson Locations: New Delhi, India, DELHI, Delhi, Saudi
☆ Opinion | The Promise and Risk of Biden’s War on Drug Prices
  + stars: | 2023-09-01 | by ( Peter Coy | ) www.nytimes.com   time to read: +2 min
In a textbook free market, “fair” is whatever the market will bear. But these drugs don’t fit that model. Patents protect them from competition, allowing their producers to price them high. On the other hand, because of their high upfront development costs, pricing the drugs very low, at marginal cost, would be unrealistic. If that’s all the manufacturers earned from them, they would have no incentive to stay in business and develop new drugs.
Persons: Biden, Seshamani — Organizations: Big Pharma, pharma, Producers
☆ Blood thinners, diabetes meds among first 10 drugs for US price negotiations
  + stars: | 2023-08-29 | by ( Patrick Wingrove Michael Erman | Patrick Wingrove | Michael Erman | ) www.reuters.com   time to read: +5 min
He said that once implemented, the prices on negotiated drugs will decrease for up to 9 million seniors who currently pay as much as $6,497 in out-of-pocket costs per year for these prescriptions. This kicks off the negotiation process for the 10 drugs whose new prices will go into effect in 2026. U.S. laws had prohibited Medicare from negotiating pharmaceutical prices as part of its prescription drug program that began about 20 years ago. CMS Director Dr. Meena Seshamani said Medicare plans to use a review process to make sure insurance companies keep clinically appropriate access to negotiated drugs. Two analysts said they expect the negotiated prices to move beyond Medicare and affect commercial markets for these drugs by 2026, when they come into effect.
Persons: Joe Biden, Jonathan Ernst, Biden, Joe Biden’s, Januvia, Xarelto, Johnson, Boehringer Ingelheim, Eli Lilly's, Jardiance, Mohit Bansal, Entresto, Eli Lilly, Merck, Bristol Myers, Giovanni Caforio, Caforio, enrollees, Meena Seshamani, Stelara, Amgen, Evan Seigerman, Patrick Wingrove, Mike Erman, Manas Mishra, Nandita Bose, Caroline Humer, Bill Berkrot Organizations: Social Security, University of Tampa, REUTERS, U.S, Bristol Myers Squibb, Pfizer, Merck, Co's, Johnson, Novo Nordisk, NYSE Arca Pharmaceutical, U.S . Centers, Medicare, Medicaid Services, Reuters Graphics Wells, Novartis, AstraZeneca, Bristol, J, U.S . Department of Health, Human Services, BMO Capital, Thomson Locations: Tampa , Florida, U.S, Amgen's, Jardiance, Germany, Bengaluru, Washington
☆ U.S. government sets penalties on 43 drugs over price hikes
  + stars: | 2023-06-09 | by ( ) www.cnbc.com   time to read: +1 min
The Biden administration on Friday announced it would impose inflation penalties on 43 drugs for the third quarter of 2023, having fined 27 earlier this year, in a move it said would lower costs for older Americans by as much as $449 per dose. Drugmakers hiked the price of these 43 drugs by more than the rate of inflation and are required to pay the difference of those medicines to Medicare, the federal health program for Americans over age 65. "People taking 43 of these drugs could pay less (in coinsurance) to access these important treatments, starting July 1," Dr. Meena Seshamani, director for Medicare at the Centers for Medicare & Medicaid Services told reporters. Biden announced in March that his administration would subject 27 drugs to inflation fines for the second quarter of this year. The new list of 43 replaces that selection for the third quarter of 2023.
Persons: Joe Biden, Biden, Drugmakers, Dr, Meena Seshamani, Joe Biden's Organizations: Social Security, OB Johnson Park Community, Centers, Medicare, Medicaid Services Locations: Hallandale Beach , Florida, coinsurance
☆ The Biden administration just made it easier for Trump to keep a key promise on prescription drugs if he wins in 2024
  + stars: | 2023-01-11 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +11 min
The Biden administration presented a plan on Wednesday to let the government negotiate drug prices. Trump, who once accused Big Pharma of "getting away with murder," could be president when drug prices fall. Gutting the prescription drug provision would come at a cost to the federal government. President Trump signed a series of four executive orders aimed at lowering prices that for prescription drugs in the United States. "There has been no bigger champion of lowering prescription costs and putting Americans first than President Trump," Steven Cheung, Trump's 2024 campaign spokesman, told Insider.
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