Medicare, Donald Trump and Biden
The new Trump administration should seize the opportunity to change the Medicare drug price negotiation program by introducing floors.
Seniors pay about the same or slightly less out-of-pocket for services under Medicare Advantage compared to traditional Medicare, researchers found. For example, Medicare Advantage beneficiaries paid nearly $206 for eyeglasses, about 9% less than the $226 paid under traditional Medicare.
The General Enrollment Period provides an opportunity to make up for a past oversight – the failure to enroll in Part B.
Original Medicare's cost and coverage change annually. This affects how much you pay and the type of supplementary insurance you may want.
The directive for the Department of Health and Human Services to develop and test new models aimed at lowering drug costs through the
Just how much Medicare price negotiations will negatively impact Novo Nordisk, though, depends on what the final negotiated prices for Ozempic, Wegovy, and Rybelsus will be. In Medicare's negotiations for 2026, the new prices achieved an average of 22% savings.
California has various Medicare options, including Original Medicare, Medicare Advantage, and Medigap. Learn more here.
The Biden administration announced Friday that Ozempic, Wegovy and 13 additional drugs will now be covered under Medicare Part-D for price negotiations, the next round of negotiations under the Inflation Reduction Act passed by President Joe Biden in 2022.
The median wait time between referral and appointment was 34 days, and 18 percent of patients waited more than 90 days, the study found.
The hugely popular medications Ozempic and Wegovy​, used for diabetes and weight loss, will be included in the next round of talks to negotiate lower Medicare drug prices.
The Centers for Medicare and Medicaid Services (CMS) has included Ozempic among the next 15 drugs chosen for Medicare negotiation. The CMS listed Ozempic, Rybelsus and Wegovy — all forms of