# @vadogwoodnews on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C-u78NuNVBw
- **Gondola URL:** https://gondola.cc/posts/22374308-vadogwoodnews-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/e5d00d789f.jpg
- **Posted:** 2024-08-16T14:00:47.000+00:00
- **Account Owner:** Dogwood (@vadogwoodnews) — https://gondola.cc/vadogwoodnews

## Caption

The Biden-Harris administration on Thursday announced the new, lower prices of 10 expensive and widely-used drugs that were selected last year for negotiations between Medicare and drugmakers under the Inflation Reduction Act.

The negotiations — which used the power of Medicare to lower drug costs for seniors — are expected to save taxpayers about $6 billion in 2026, when they go into effect. The new prices will be anywhere from 38% to 79% lower than the drugs’ list prices last year, saving seniors on Medicare an estimated $1.5 billion in out-of-pocket costs in 2026 alone.

...To read more, head to our link in bio, and for more Virginia news and updates, follow us vadogwoodnews

#bidenharris #healthcare #virginianews #medicare

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## Tags

bidenharris, healthcare, virginianews, medicare

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