Millions of Americans to see reduced medication costs in 2025 | Morning in America

Published: Sep 02, 2024 Duration: 00:03:06 Category: News & Politics

Tags : WatchMorningInAmerica joe biden inflation big pharma aarp prescriptions inflation reduction act medication costs

Trending searches: aarp

COOL. NIC, THANKS SO MUCH. WELL, ONE BIG TOPIC ON THE CAMPAIGN TRAIL IS PRESCRIPTION DRUG PRICES. AND ACCORDING TO A NEW AARP REPORT COME NEXT YEAR. MILLIONS COULD SAVE MORE THAN $1000 ON THEIR PRESCRIPTIONS. IT'S A HUGE DEAL FOR A LOT OF FAMILIES GOES A LONG WAY. ALL OF THIS IS PART OF THE BIDEN ADMINISTRATION'S INFLATION REDUCTION ACT WITH INFLATION HIGH AND AMERICAN SPENDING A WHOLE LOT OF MONEY AND PRESCRIPTION DRUGS EACH YEAR. THIS COULD BE A DECIDING FACTOR FOR VOTERS. NEWSNATION'S XAVIER WALTON JOINS US NOW. XAVIER, I THINK A LOT OF PEOPLE SAYING WE'LL SEE THIS. YOU KNOW, WE'LL BELIEVE IT WHEN WE SEE IT, I SHOULD SAY. WILL AMERICANS WILL YOU AND ME REALLY SEE THESE KINDS OF CUTS. >> MR KEY. THAT IS A GREAT QUESTION. GOOD MORNING. AND THERE IS A QUESTION SOME PEOPLE, QUITE FRANKLY, SOME VOTERS ARE LITTLE BIT SKEPTICAL ABOUT. BUT DRUG CARS IN AMERICA. OBVIOUSLY JUST SAID THIS TOPIC AS WE'RE JUST SOME 60 DAYS OUT FROM ELECTION DAY. BUT THIS NEW REPORT POTENTIALLY IMPACTING MILLIONS OF OLDER AMERICANS NATIONWIDE AARP SAYING, YOU KNOW, PEOPLE WITH MEDICARE WILL SEE CUTS TO THEIR PRESCRIPTION DRUG COSTS STARTING NEXT YEAR. SO IN JANUARY, NEW $2000 OUT-OF-POCKET CAP KICKS IN FROM THE 2022 INFLATION REDUCTION ACT. PART OF THAT FIRST EVER DEAL WITH DRUG MAKERS. ARE THESE PRICES ON 10 DRUGS COMMONLY USED BY PEOPLE WITH MEDICARE. SO THE PRESCRIPTION DRUG ABOUT IT BETTER IS PART D PROVIDES NO COVERAGE FOR AROUND 56 MILLION PEOPLE. THAT'S A LOT OF PEOPLE. THE $2000 CAP IS EXPECTED REDUCE DRUG COSTS FOR MORE THAN 3 MILLION AMERICANS. ALL RIGHT. NOW, I WANT TO INTRODUCE YOU AS HOME TO ONE OF THOSE PEOPLE, RIGHT. THIS IS DIANA DEBIDO. DIANA WAS DIAGNOSED WITH CANCER AND SHE SAYS SHE WAS PAID MORE THAN 8 100 BUCKS. A MONTH FOR LEUKEMIA DRUGS. >> I MUST HAVE A HEART ATTACK WHEN THEY SAW THE FIRST CO PAY WHICH PEOPLE WHO CAN'T AFFORD SADLY MANY OF THEM PROBABLY DON'T SURVIVE. >> AND THAT IS THE HARSH REALITY. THE BIGGEST RELIEF. BUT WHAT FELT BY FOLKS LI DIANA THERE WHO USE HIGH PRICED BRANDED DRUGS THE MOST THE WHITE HOUSE YOU'RE SAYING, YOU KNOW WHAT, THIS COULD SAVE AMERICANS HUNDREDS IF NOT THOUSANDS OF DOLLARS ON A CASE-BY-CASE BASIS. BUT COLLECTIVELY SAVING TAXPAYERS POTENTIALLY BILLIONS OF DOLLARS FOR MEDICATIONS. >> MARKIE YET SOUNDS REALLY GOOD FOR FOR PATIENTS AND FAMILIES. BUT I'M CURIOUS HOW ARE DRUG COMPANIES AND PHARMACEUTICAL COMPANIES RESPONDING TO THIS. >> THEY'RE NOT THRILLED, TO SAY THE LEAST. DRUGMAKERS PHARMACEUTICAL RESEARCH AND MANUFACTURERS OF AMERICA. OBVIOUSLY CALLING THE INFLATION REDUCTION ACT. HERE'S WHAT THEY SAID PREVIOUSLY A BAD DEAL BEING FORCE. AN AMERICAN PATIENTS POINTING AT HIGHER COSTS. MORE FRUSTRATING INSURANCE DENIALS AND FEWER TREATMENTS FOR OUR LOVED ONES AND MARKET. THERE WAS EVER ANY DOUBT OLDER AMERICANS, YOU KNOW WHERE CONCERNS, SO TO SPEAK, ABOUT THE COST MEDICAL CARE. A STUDY JUST CAME

Share your thoughts

Related Transcripts

President Trump in Mosinee, WI

Category: News & Politics

Ah thank you very much everybody this is an honor lot of crowd this is look where that crowd goes this is a big crowd a very special hello to wisconsin we really appreciate it we've had great success here we've had tremendous success and i'm thrilled to be back in this incredible state with the thousands... Read more

Trump Says Immigrants are Poison

Category: News & Politics

What's happening to our country our country is being poisoned poisoned and your school immigrants are poisoned schools and your children are suffering greatly because they're going into the classrooms and taking the seats and they don't even speak english it's crazy and of course this is the dehumanizing... Read more

😱 SHOCKING ! Friends of Peter Doocy BLAST Karine Jean Pierre over ILLEGAL MIGRANTS CRISIS

Category: News & Politics

[music] oh my god yeah lecturing me i'm asking questions and what i'm saying is there [applause] are in minnesota to be more specific as state the the president has spoken repeatedly about january 6th um he gave at least two major speeches that i can think of and he's talked that link sorry talk that... Read more

CNN's Kaitlan Collins IMPLODES After Bill Maher Asks a GOOD Question

Category: News & Politics

I mean how how do you guys think you are doing is in that arena of like this is a terribly divided country we're not only politicized a lot of people just hate the other side and cnn in my view should be the place where both sides can watch how do you think you're doing with that how is c cnn is the... Read more

Trump suffers WORST LABOR DAY of his life!

Category: News & Politics

Speaker 1: by all accounts, donald trump suffered the worst labor day of his political life yesterday. and this was not just, oh, kamala harris is holding a rally with joe biden. but i'm not really sure what trump is up to. this was not oh, tim walz is holding a rally in wisconsin, but i'm... Read more

Trump Says "Communists and Marxists" Will Destroy the Country if Kamala is Elected #shorts

Category: News & Politics

Trump continued ranting and if you're watching keep an eye on the folks standing behind him who just look increasingly uncomfortable i'm announcing today that when i return to the white house i will end the anti-american energy crusade and terminate kamala's so-called power plant rule it's a disaster... Read more

President Trump in Potterville, MI

Category: News & Politics

With the hardworking patriots of the great state of michigan nice state and i also want to thank all steel ceo randy glick just met randy and he's fantastic the job the family is done he's done it's beautiful and all of the talented workers here at all rose steel i hope you're all happy are you happy... Read more

EXPOSED: Trump Fact-Check Uproar #shorts #trump #news

Category: News & Politics

It was 3 to1 it was a rigged deal as as i assumed it would be because when you looked at the fact that they were correcting everything and not correcting with her there is no state in this country where it is legal to kill a baby after it's born president trump as you know the fbi says overall... Read more

Wilbur Ross Calls Biden's China Policy 'Schizophrenic'

Category: News & Politics

Trade and tariffs, so let's continue the conversation with the former commerce secretary of the u.s., wilbur ross, who served in the trump administration prior to back. he continues as chairman and ceo of ross acquisition corp. great to have you on the program. kind of fitting that the g7 is talking... Read more

'KILLING US!': MSNBC voter panel unloads on Biden-Harris economy

Category: News & Politics

>> harris: brand-new numbers on how fast prices are going up, the rate of inflation tells us that. and today we see consumer prices went up year over year, prices by 2.9%. now all that remains much higher than when by then and kamala harris took office, this new number is the lowest we have seen in... Read more

Trump Accidentally Endorses Kamala

Category: News & Politics

Donald trump seemingly accidentally endorsing kamla harris and gavin nome trump in his desperation to attack everything and everyone said the following about san francisco california can't go into san francisco it's not livable 15 years ago was the best city in the country one of the best cities in... Read more

Former Governor Andrew Cuomo gets Exposed by Stefanik Elise ...EPIC Moment

Category: News & Politics

This is about those seniors governor they deserve to hear from you in the eye that you apologize that you were negotiating for a multi-million doll book deal it is a disgrace there is a reason why you were the former governor of new york state and you will never hold elected office again i feel genuinely... Read more