Older Americans could save roughly $1.5 billion when filling prescriptions.
The Biden administration is taking a victory lap after federal officials inked deals with drug companies to lower the price for 10 of's most popular and costliest drugs, but shared few immediate details about the new price older Americans will pay when they fill those prescriptions.
The drugs include the blood thinners Xarelto and Eliquis and diabetes drugs Jardiance and Januvia. Medicare spent $50 billion covering the drugs last year. The drug deals will become a focal point for Vice President Kamala Harris' presidential campaign, especially since she cast the tie-breaking vote to pass the law. She will join President Joe Biden Thursday to announce the drug prices, their first joint speaking appearance since she replaced him at the top of the Democratic ticket, as they both struggle to convince voters that costs will trend down after years of above-normal inflation.
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