Live Breaking News & Updates on Jeremy robert webb
Stay updated with breaking news from Jeremy robert webb. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
When looking for the perfect venue for their own wedding, Jill Wolf and her now husband Jeremy didn’t find what they were looking for.So, they took matters into
cnn's jeremy diamond is at the white house following this for us. okay, jeremy, which medications is this going to affect, and when are people actually going to see these prices drop? >> they have just announced ten drugs that will be the first round of drugs to be negotiated between medicare and these drug companies. and these are all common drugs that are used to treat a range of conditions, everything from heart disease, cancer, diabetes and much more. i think we have the list of those ten drugs that we can put on the screen. but these drugs are responsible for about $3.4 billion of out of pocket expenses by medicare recipients just in the last year. now, when will this go into effect over the next year, the drug companies and medicare will negotiate the prices of these drugs, and it won't be until 2026, that medicare recipients will see the new prices kick in. but at that time, the white house estimates that these drug price negotiations will impact as many as 9 million americans
by that time, and then over the coming years, they will add more drugs to the list, 15 more drugs than the year after that, 15 after that, and then it will be 20 drugs per year in those subsequent years. >> drug companies, as i mentioned are fighting this, jeremy, could that derail this? >> yeah, look, there are eight federal lawsuits currently being brought against the administration questioning the legality of this program. these lawsuits are being brought by pharmaceutical companies, as well as trade association groups. i asked the president's domestic policy adviser today about the lawsuits and whether she's concerned about any of them. here's her answer. >> we are very confident in the law, and we should recognize there's no part of the institution that prohibits medicare drug negotiations, so we are very confident in these cases. and very confident that the law will deliver results, and just important to remember that basically what farmpharma is arg