But starting in January, there's a formulary, which is a $50 word that means a list of drugs is a formulary that Medicare is allowed to negotiate drug 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. There's a lot of seniors that pay a lot more to that. More than that, out of pocket starting in January 2000 a year is the most they'll ever have to pay. (57:55–58:04)
CLAIM
Asserts that seniors' out-of-pocket expenses for medications will be capped at $2,000 annually.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
