The rich pay 100,000% more while the rest of us pay what other countries pay.

simply by the population.

Here are the facts, and there are significant reductions including eventual elimination of the donut hole

Here are the details:


https://www.kff.org/medicare/issue-brief/changes-to-medicare-part-d-in-2024-and-2025-under-the-inflation-reduction-act-and-how-enrollees-will-benefit/

I really am sick and tired of misleading headlines from supposed reputable news outlets.

How about this headline instead:

“Better to Light a Candle Than to Curse the Darkness”

https://www.kff.org/medicare/issue-brief/changes-to-medicare-part-d-in-2024-and-2025-under-the-inflation-reduction-act-and-how-enrollees-will-benefit/

that even with the reductions that we are finally getting thanks to the Biden-Harris HHS, the U.S. has still been basically "subsidizing the rest of the world".

The reason? Because the Parliaments in the rest of the world do what our on Congress refuses to do - enforce price caps.

At least that is how I read it.

There are significant price reductions, and that headline from Reuters, "US will still pay at least twice as much after negotiating drug prices", is misleading saying people will be paying more than before, and that is a false headline.

and especially having worked in a HHS agency or 30+ years and with the U.S. having negotiated prices for years for the military (TRICARE), it has been common knowledge that the U.S. has been paying excessive prices for forever.

I.e., as an easy example - "insulin", capped at $35 per the IRA. From here - https://www.visualcapitalist.com/cp/rising-cost-of-insulin-us/



This expands the countries - https://www.visualcapitalist.com/cost-of-insulin-by-country/



This was point. We are still "subsidizing the world" but I'll definitely take what we can get.

What the ultimate goal is from the WH, is to put that cap in place for ALL.

What it basically establishes is "greedflation" but what Biden-Harris have done is to slash it, while exposing and highlighting that greed factor (one of the party planks is tackling "greedflation" ). The next step is for this price cut to happen for everyone needing it who are under 65.

that most people are not as informed as you, and will read the headline and make some false conclusions.

Most people on Medicare are going to notice Rx cost reductions.

(mainly us "newsies" ), then the "impact" should be minimal if any at all.

The "messaging" from Democrats has been very strong and persistent about what the goals are and where we stand at this point.

But I think too, we need to continue to call out the industry for their "greedflation", and how they need to do more (and stop funding the purchase of bigger and bigger super yachts for a change).

Many of the hearings that have been held over the years - particularly regarding the drug pricing - have been done to shame the industry into acting and the IRA finally allowed the option to do negotiations, since the law from over 20 years ago signed by Shrub that authorized Medicare Part D, explicitly forbid any type of drug price negotiation (the IRA struck that provision).

so it's relative to what we compare it to. It's a great start. Good work Biden/Harris administration.