President Biden today urged Congress to allow Medicare to negotiate prescription drug prices and cap the amount beneficiaries pay out-of-pocket for drugs each year. He said the federal government also will work to import lower-cost prescription drugs from Canada, and accelerate the development and uptake of generic and biosimilar drugs.

Related News Articles

Headline
Commenting today on the proposed rule for the inpatient prospective payment system for fiscal year 2023, AHA today urged the Centers for Medicare &…
Headline
COVID-19 hospitalization rates are about 50% higher for adults eligible for Medicare because of a disability than for other adults enrolled in Medicare,…
Headline
AHA today urged Congress to stop additional Medicare sequester cuts to hospitals scheduled to take effect July 1. “Hospitals and health systems need financial…
Headline
AHA Friday urged the Centers for Medicare & Medicaid Services not to reduce Medicare payments for skilled nursing facilities in fiscal year 2023, citing…
Headline
The Consumer Price Index has climbed 8.6% over the past 12 months before seasonal adjustment, the fastest increase in over 40 years, the Bureau of Labor…
Perspective
Throughout the pandemic — which is still very much ongoing as COVID-19 cases and hospitalizations continue to increase — hospitals and health systems have…