The White House is expected to describe the results Thursday of its first Medicare negotiations for the price of 10 prescription drugs, according to three people with knowledge of the planning.

The White House has announced a new Medicare rebate for specific drugs that they claim will save patients as much $3,854 a day. On September 30, the Biden Administration announced that as part of ...

The White House said the president's budget would lower costs for families and strengthen Social Security and Medicare, including by raising taxes on the most affluent Americans, a nonstarter with ...

What To Know. On Wednesday, White House spokesperson Kush Desai said in an initial statement to POLITICO that "the Trump administration is committed to protecting Medicare and Medicaid while ...

White House seeks to speed potential Medicare dental expansion in face of expected delays. The changes must still be approved by Congress, but Biden administration officials are already working to ...

The White House said on Wednesday that negotiations with pharmaceutical companies over Medicare drug prices ended with an estimated savings of $6 billion for the first 10 drugs chosen by the program.

Biden also proposes $4.7 trillion in tax increases. Of that, $650 billion would come from expanding a Medicare tax surcharge on investment and business income. The budget would apply it to ...

But the White House calculates that if Medicare for All were financed through higher taxes, it would reduce GDP over the long run by 9% and household income after taxes and health expenditures by ...

The White House notes that the Democratic bill allowed Medicare to negotiate lower drug costs, which AARP cheered as a “historic measure” that would save seniors money.

White House officials said Wednesday night they expect US taxpayers to save $6 billion on the new prices, while older Americans could save roughly $1.5 billion on their medications.

The Biden administration is lending its weight to congressional Democrats’ controversial push to allow Medicare to negotiate drug prices. The measure is a key pillar of the White House’s plan ...