Medicare, Health insurance
Digest more
The Trump administration has unveiled 15 new drugs selected for a Medicare drug price negotiation program that allows the federal government to haggle directly with drug manufacturers.
Shares of large Medicare plan providers Humana, CVS Health and UnitedHealth Group plunged in extended trading.
Lower prices from the third round of talks among Medicare and manufacturers will be announced in the fall but won’t go into effect until 2028.
The Trump administration on Tuesday announced the 15 drugs selected to participate in the newest round of the Medicare Drug Price Negotiation Program, including high-cost medications like Botox
The S&P 500 notched a record closing high and its fifth straight day of gains on Tuesday with a mixed reception to the latest earnings reports and a steep selloff in health insurers countering optimism ahead of megacap reports.
The Trump administration on Tuesday announced the next round of prescription drugs up for Medicare price negotiations.
Too much of our national and personal resources are being used to pay for healthcare.