Latest Prescription drug costs News

Medicare's outpatient 'Part B' premium going up to $144.60

Nov. 8, 2019 5:48 PM EST

WASHINGTON (AP) — Medicare's "Part B" premium for outpatient care will rise by nearly 7% to $144.60 a month next year, officials said Friday. They blamed rising spending on medications. The $9.10 monthly increase follows a smaller $1.50 rise this year. It comes after Social Security announced a modest...

White House and Pelosi part ways on relief for drug prices

Nov. 5, 2019 5:01 PM EST

WASHINGTON (AP) — The White House on Tuesday signaled President Donald Trump's blunt thumbs-down to House Speaker Nancy Pelosi's plan allowing Medicare to negotiate drug prices. Her office's sharp retort: "Working people won't like it if he sells them out." Despite the House impeachment inquiry, the White...

1 in 2 seriously ill Medicare enrollees struggles with bills

Nov. 4, 2019 4:04 PM EST

WASHINGTON (AP) — More than half of seriously ill Medicare enrollees face financial hardships with medical bills, with prescription drug costs the leading problem, according to a study published Monday. The study in the journal Health Affairs comes as legislation to curb drug costs for seniors languishes...

Pelosi's prescription for high drug prices clears committee

Oct. 22, 2019 10:15 PM EDT

WASHINGTON (AP) — A powerful House panel has approved House Speaker Nancy Pelosi's legislation to lower prescription drug prices for seniors and working-age people. The Ways and Means committee voted Tuesday along party lines, moving the bill closer to floor action. It fulfills a long-sought Democratic...

Pelosi moves on drug prices despite falling-out with Trump

Oct. 17, 2019 8:11 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi is plowing ahead with her bill to allow Medicare to negotiate prescription drug prices despite a breakdown in relations with her chief bargaining partner on the issue — President Donald Trump. The nonpartisan Congressional Budget Office has estimated the...

Opioid makers' latest legal woe: West Virginia handyman

Oct. 9, 2019 1:47 PM EDT

CHARLESTON, W.Va. (AP) — A small home-improvement company in West Virginia is taking on the nation's opioid giants in a lawsuit blaming the drugmakers for a rise in insurance costs. The handymen at Al Marino Inc. filed the federal class-action suit last week in U.S. District Court against Purdue Pharma,...

Trump cites his support for Medicare, slams Medicare for All

Oct. 3, 2019 4:28 PM EDT

THE VILLAGES, Fla. (AP) — President Donald Trump on Thursday accused Democrats of an all-out attempt to “totally obliterate Medicare” and portrayed himself as the program’s defender as he signed a directive to expand the program’s private insurance options. Trump skipped past...

Trump and Pelosi aides talk drug costs despite impeachment

Oct. 1, 2019 5:57 PM EDT

WASHINGTON (AP) — Even as the impeachment battle rumbled, senior White House and Democratic aides sat down Tuesday to discuss details of drug pricing legislation, officials on both sides said. Passing a law to curb prescription drug prices remains a top policy priority for President Donald Trump and House...

Judge: Treatment of Tennessee inmates with hep C improving

Oct. 1, 2019 1:18 PM EDT

NASHVILLE, Tenn. (AP) — A federal judge in Nashville ruled this week that Tennessee's treatment of prisoners with hepatitis C is not grossly inadequate but warned the state to make good on its promises to treat more patients more quickly. In a Monday ruling, U.S. District Judge Waverly Crenshaw noted that...

Can Washington deliver on drug costs amid impeachment probe?

Sep. 29, 2019 8:10 AM EDT

WASHINGTON (AP) — Major legislation to reduce prescription drug costs for millions of people may get sidelined now that House Democrats have begun an impeachment inquiry of President Donald Trump. Proposals had been moving in Congress, but there are more ways for the process to break down than to succeed....