The Center for Medicare and Medicaid Services announced it will lower costs of 10 common prescription drugs including Eliquis, Entresto and more. It’s the first time Medicare has been able to bargain with drug manufacturers for cheaper prices and could ease the burden for millions of Americans. NBC’s Brian Cheung joins TODAY.

Medicare lowers prices on 10 common prescription drugs

CBS News

On Thursday, the Biden administration announced lower costs for 10 prescription drugs following the first-ever round of price negotiations between Medicare and pharmaceutical companies. CBS News medical contributor Dr. Celine Gounder joins to dive into the price cuts.

What to know about reduced Medicare drug prices

USA TODAY

The lifesaving medications treat a range of conditions, including cancer, diabetes and heart disease.

Medicare drug price negotiations will bring discounts for these 10 drugs

Medicare enrollees will save money on 10 drugs in 2026 as a result of negotiations initiated by the Inflation Reduction Act (IRA). Large pharmaceutical firms have sued the federal court about the negotiations, but all court decisions have ruled in favor of the IRA. The federal government will continue to...

Medicare Enrollees Will See Significant Price Reductions For 10 Drugs

Michigan State

The FTC has shut down Michigan-based Financial Education Services, a credit repair company that the agency says actually was a large pyramid scheme,. If approved by a federal judge in the Eastern District of Michigan, the settlement also will return $12 million to consumers harmed by the company, the FTC said. The company, which operated as early as 2015, was temporarily shut down when the FTC first filed suit against it in 2022.

FTC Shuts Down Credit Repair Company

ABC News

Economists who spoke to ABC News disagreed sharply over the measure.

Harris to back grocery price-gouging ban. Here's how it would work

Medicare Advantage giant Humana expects to lose a “few hundred thousand” members in its marquee business next year, after seriously shrinking its benefits and exiting markets for 2025 in a bid to boost profits, the insurer disclosed Wednesday. It’s the first time Humana has estimated membership losses from...

Humana expects to lose ‘few hundred thousand’ Medicare Advantage members next year

North Carolina State

Following a prolonged dispute over solvency capital ratios, former insurance executive Greg Lindberg has been ordered to pay over $166 million to a Dutch insurer. The ruling was issued by the U.S. District Court for the Middle District of North Carolina. The case centered on Conservatrix N.V., a Dutch life...

Former insurance executive ordered to pay over millions to insurer

In the first round of direct price negotiations between Medicare and drug manufacturers, prices for 10 expensive and commonly used drugs saw price cuts between 38 percent to 79 percent compared to their 2023 list prices, the White House and the US Department of Health and Human Services (HHS) announced Thursday. The new negotiated prices will take effect on January 1, 2026.

Medicare drug price negotiations: 10 list prices drop between 38% to 79%

Mail-order pharmacies run well-coordinated supply chain operations to ensure medications are safely delivered to patients' doorsteps, but extreme temperatures are complicating the process, The New York Times reported Aug. 13. Pharmacists and physicians told the Times that high temperatures inside delivery trucks could cause certain medications such as insulin or...

Heat spells trouble for mail-order medications

The Associated Press

WASHINGTON (AP) — Taxpayers are expected to save billions after the Biden administration inked deals with pharmaceutical companies to knock down the lists prices for 10 of Medicare’s costliest drugs. But how much older Americans can expect to save when they fill a prescription at their local pharmacy...

White House says prescription drug deals will produce billions in savings for taxpayers, seniors

Medicare patients could save $1.5 billion on 10 prescription drugs. The U.S. Department of Health and Human Services (HHS) announced Thursday the lowered prices of the first 10 prescription drugs that underwent Medicare negotiations. Suggested Reading. People that have Medicare prescription coverage are expected to save $1.5 billion in out-of-pocket...

Medicare negotiated lower prices for these 10 drugs. It could lead to $6 billion in savings

Florida State

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Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Georgia State

Seven insurers are exiting Medicare Advantage markets in 2025, a number that is likely to grow in the fall. There are 3,959 Medicare Advantage plans available nationwide in 2024. The average number of plans available to beneficiaries is 43, unchanged from 2023. Seven insurers exiting Medicare Advantage markets in 2025:

7 payers exiting Medicare Advantage markets in 2025

Indianapolis, IN

Medicare Advantage has grown rapidly in recent years, with 32.8 million people (54% of the eligible Medicare population) now enrolled in an MA plan. Health systems are grappling with various challenges within the program, such as excessive prior authorization denial rates and slow payments from insurers, but some organizations have positioned themselves for success.

1 health system's secret to Medicare Advantage success

After months of failed litigation from drugmakers, CMS released negotiated list prices for 10 of the country's most expensive drugs. The Inflation Reduction Act, signed into law in August 2022, granted CMS authority to negotiate the price of drugs with no generic or biosimilar competition. Pharmaceutical companies have filed numerous lawsuits to block the law, to no success.

CMS' 10 negotiated drug prices

The Biden administration released prices for the first 10 prescription drugs that were subject to landmark negotiations with Medicare. The government estimates that the new prices could produce $6 billion in net savings for Medicare in 2026 alone, based on data from 2023. It is a milestone in a controversial...

Biden administration releases prices of 10 drugs in Medicare negotiations, says U.S. will save $6 billion in first year

Illinois State

Rockford, IL

Paula Carynski, MSN, RN, president of Rockford, Ill.-based OSF HealthCare Saint Anthony Medical Center, will retire Jan. 31. Ms. Carynski has been with the hospital for 39 years and has held the leadership role for 11 years, according to an Aug. 13 news release from Peoria, Ill.-based OSF HealthCare. Prior...

Illinois hospital president to retire

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Oregon State

Massachusetts State

Redemption rates in most states with bottle bills decreased in 2023 compared with the previous year, according to data from the Container Recycling Institute. The numbers reflect a downward redemption rate trend since 2017. Beverage container redemption rates dropped by between 1% and 4% in most states, while Oregon’s rate...

Redemption rates for many bottle bill states declined in 2023; Massachusetts ranks lowest

NewsBreak

CMS' negotiated drug prices: 12 notes

For the first time, the largest buyer of pharmaceuticals in the U.S. — Medicare, which covered more than 67 million people as of April — has...

CMS' negotiated drug prices: 12 notes

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