Biden admin reaches deal with drugmakers to cut Medicare prescription costs

The Biden administration is touting a win. The White House announced Wednesday night, Aug. 14, federal officials had come to an agreement with drug companies to lower the prices of Medicare’s ten most popular – and expensive – prescriptions. The White House said the lower prices should save taxpayers around $6 billion, while older Americans could save roughly $1.5 billion on their medications. According to the White House, this deal will impact the price of drugs used by millions to help manage diabetes and blood cancers and prevent heart failure...