{"id":47013,"date":"2022-08-08T03:01:37","date_gmt":"2022-08-08T01:01:37","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/drug-pricing-bill-caps-years-of-ahf-advocacy\/"},"modified":"2022-08-08T03:01:37","modified_gmt":"2022-08-08T01:01:37","slug":"drug-pricing-bill-caps-years-of-ahf-advocacy","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/drug-pricing-bill-caps-years-of-ahf-advocacy\/","title":{"rendered":"Drug Pricing Bill Caps Years of AHF Advocacy"},"content":{"rendered":"
\n

\nMajor Defeat for Big Pharma<\/i>\n<\/p>\n

LOS ANGELES–(BUSINESS WIRE)–AIDS Healthcare Foundation welcomes the U.S. Senate\u2019s vote to approve historic legislation empowering Medicare to lower drug prices.\n<\/p>\n

\n\u201cI particularly want to thank President Biden. In his persistent and dogged determination, the president didn\u2019t give up. He prodded, cajoled and pushed his former Senate colleagues to bring home this win for so many people who can\u2019t afford their medications,\u201d said AIDS Healthcare Foundation President Michael Weinstein. \u201cWe urge swift approval in the U.S. House of Representatives so the president can sign this bill into law.\n<\/p>\n

\nThe U.S. Senate approved the Inflation Reduction Act of 2022, historic legislation that finally gives Medicare, the largest payer of prescription drugs, the power to negotiate drug prices. Since 2003, U.S. law, that the drug industry promoted, explicitly prohibits the federal government from negotiating lower drug prices on behalf of Medicare beneficiaries. In 2019, total Medicare Part D spending was $180 billion.\n<\/p>\n

\nIn addition to giving Medicare power to negotiate drug prices for the most expensive medicines, the Senate-approved bill caps out-of-pocket drug costs for Medicare beneficiaries, extends the Affordable Care Act insurance subsidies through 2025, and invests in clean energy security and climate change programs while bringing down the deficit.\n<\/p>\n

\nThis landmark deal overcame enormous opposition from the drug industry which spent millions on lobbyists, consultants and scare tactic advertisements in an attempt to kill this common sense proposal. At the front end, taxpayers pay for much of the research and development of these drugs through government research, and again at the pharmacy counter through Medicare.\n<\/p>\n

\nAHF proudly sponsored two ballot measures promoting drug price negotiation in California and another in Ohio which the drug industry spent millions opposing. While those ballot measure lost at the polls, they laid the groundwork for a movement that today celebrates this milestone.\n<\/p>\n

\nAIDS Healthcare Foundation (AHF)<\/b>, the largest global AIDS organization, currently provides medical care and\/or services to over 1.6 million people in 45 countries worldwide in the US, Africa, Latin America\/Caribbean, the Asia\/Pacific Region and Eastern Europe. To learn more about AHF, please visit our website: www.aidshealth.org<\/a>, find us on Facebook: www.facebook.com\/aidshealth<\/a> follow us on Twitter: @aidshealthcare<\/a> and Instagram: @aidshealthcare<\/a> or subscribe to our podcast \u201cAHFter Hours.\u201d<\/a>\n<\/p>\n

Contacts<\/b> <\/p>\n

\nJohn Hassell, National Director, Advocacy for AHF, +1.202.774.4854, john.hassell@aidshealth.org<\/a>\n<\/p>\n

\nGed Kenslea, Senior Director, Communications for AHF, +1.323.791.5526, gedk@aidshealth.org<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Major Defeat for Big Pharma LOS ANGELES–(BUSINESS WIRE)–AIDS Healthcare Foundation welcomes the U.S. Senate\u2019s vote to approve historic legislation empowering Medicare to lower drug prices. \u201cI particularly want to thank President Biden. In his persistent and dogged determination, the president didn\u2019t give up. He prodded, cajoled and pushed his former Senate colleagues to bring home … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-47013","6":"format-standard","7":"category-industry"},"yoast_head":"\nDrug Pricing Bill Caps Years of AHF Advocacy - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/drug-pricing-bill-caps-years-of-ahf-advocacy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drug Pricing Bill Caps Years of AHF Advocacy - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Major Defeat for Big Pharma LOS ANGELES–(BUSINESS WIRE)–AIDS Healthcare Foundation welcomes the U.S. Senate\u2019s vote to approve historic legislation empowering Medicare to lower drug prices. \u201cI particularly want to thank President Biden. 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