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A new Illinois law going into effect January 1st, 2025 will cap the price of the life-saving medicine at $60. Around 3.6 million Americans use epinephrine injectors (EpiPens) to treat severe ...
In 2010, the first provision enacted immediately, was a one-year, $250 rebate to those people in the coverage gap to help pay for their medication. The second provision, enacted in January 2011, created a 50% discount on brand-name prescription drugs for seniors within the coverage gap.
The EpiPen, and its maker Mylan Pharmaceuticals, have been all over the news as of late. But price hikes on crucial medicine go far beyond the Epi-Pen. EpiPen isn't the only emergency medicine ...
WASHINGTON (Reuters) -More than 1 million people in the U.S. will save over $1,000 a year beginning in 2025, when an annual $2,000 cap on prescription drug out-of-pocket costs kicks in, the ...
Mylan had maintained about a 90% market share since it had acquired the product, and had continually raised the price of EpiPens starting in 2009: in 2009, the wholesale price of two EpiPens was about $100; by July 2013, the price was about $265; in May 2015, it was around $461; and in May 2016, the price rose again to around $609, [28] around ...
Those profits were also due in part to Mylan's continually raising the price of EpiPens starting in 2009; in 2009 the wholesale price of two EpiPens was about $100, by July 2013 the price was about $265, in May 2015 it was around $461, and in May 2016 the price rose again to around $609, [90] around a 500% jump from the price in 2009.
One month after passage, the administration estimated that the net cost of the program over the period between 2006 (the first year the program started paying benefits) and 2015 would be $534 billion. [19] As of February 2009, the projected net cost of the program over the 2006 to 2015 period was $549.2 billion. [20]
Ten drugs are slated to have their prices slashed for Medicare recipients, but the drug industry is objecting to the new law. Medicare can now negotiate prices on these drugs to help seniors save ...