The plan calls for higher taxes on high-income earners and increased prescription drug negotiations. The federal budget proposal of President Joe Biden will include an increase in Medicare taxes for individuals earning more than $400,000 per year and an expansion and acceleration of prescription drug price negotiations. According to the White House, these changes will ensure that the health insurance program for older Americans remains solvent for at least 25 years.
Tag: Drug prices
Here Is What Is Happening With Medicare Price Negotiations
Late Wednesday night, the Centers for Medicare and Medicaid Services (CMS) issued new guidance clarifying the requirements for its recently given authority to negotiate medication pricing for Part D participants.
