… previous years, they know that the increase Whatever it is, is swallowed up by the premium increases for Medicare Part D. They know that. They're very jaded about that. But Starting in January, there's a formulary that Medicare is allowed to negotiate drug prices with big pharmaceutical companies. prices with big pharmaceutical companies. And as a result, wonderful things are going to happen. We're able to cap seniors out of pocket expenses at $2,000 a year on medications. (57:38–57:52)
CLAIM
Asserts that Medicare will have a formulary to negotiate drug prices starting in January.
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