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The Biden-Harris administration says it will save millions of Americans $1.5 billion in just the first year of a new program that lowers the cost of certain prescription drugs.
This year, the inpatient hospital deductible for Medicare Part A is $1,632. And that only covers your first 60 days. Meanwhile, Medicare Part B currently charges a standard monthly premium of $174.70.
Medicare’s new power to negotiate drug prices will lead to an estimated $6 billion in savings for the federal government and a $1.5 billion reduction in out-of-pocket costs for seniors when the ...
Surging federal spending on health care programs like Medicare and Medicaid, as well as ObamaCare, prompted Paragon's plan to curb spending by an estimated $2.1 trillion over 10 years.
Medicare enrollees can expect to save $1.5 billion in out-of-pocket costs, HHS said. The list price of Merck's diabetes drug Januvia will be slashed to $113 for a 30-day supply from $527 as of 2023.
The Medicare Shared Savings Program is a three-year program during which ACOs accept responsibility for the overall quality, cost and care of a defined group of Medicare Fee-For-Services (FFS) beneficiaries. Under the program, ACOs are accountable for a minimum of 5,000 beneficiaries. [21]
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