For far too long, Americans have paid more for prescription drugs than any major economy. And while the pharmaceutical industry makes record profits, millions of Americans are forced to choose between paying for medications they need to live or paying for food, rent, and other basic necessities. Those days are ending.
Today, my Administration announced the first 10 Medicare Part D drugs that have been selected for price negotiation - for the first time ever. They are among the most common and costly prescriptions that treat everything from heart failure, blood clots, diabetes, arthritis, Crohn's disease - and more. This is on top of progress we made in reducing the cost of insulin to $35 a month for seniors on Medicare.
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