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AMAC Scores a Major Victory for Seniors! President Trump’s Rebate Rule Will Significantly Lower Drug Costs for Medicare Beneficiaries

AMAC

AMAC Action Senior Vice President Andy Mangione and physician members of the Free2Care Coalition point out President Trump’s rebate rule Executive Order

AMAC Action has been working for years to address the middleman money in the outpatient prescription drug supply chain. Why? Because the prices Americans pay for prescriptions are high in part due to middleman profiteering.

AMAC has lobbied Members of Congress and the Trump Administration on our own and in alliance with a coalition of physician and patient advocates to detail how these rebate relationships negatively impact the list cost of prescription drugs.

President Trump signed four Executive Orders on July 24th and one in particular will have a huge impact on the cost of prescription drugs for America’s seniors. He resurrected a policy involving the rebates pharmacy benefit managers (PBM) receive from drug manufacturers that his Administration considered last year.

His new Executive Order compels PBMs to share the approximately $30 billion they receive from pharmaceutical companies for Part D drugs with Medicare beneficiaries at the pharmacy counter to lower out-of-pocket medication expenses for seniors. The President said his Executive Order will result in a 30 percent reduction in drug costs for seniors.

AMAC members have consistently voiced their concern over the price they pay for prescription drugs. We have heard from many members who relate how the high cost of their medicines puts financial stress on them to cover life’s other expenses during their retirement years.

It is also worth noting that AMAC has been the only national member benefits organization representing millions of seniors whose advocacy affiliate is steadily highlighting the problems with these drug middleman-manufacturer relationships on Capitol Hill. The actions taken by President Trump and AMAC bring a healthy dose of reform to these relationships.  They represent another kept promise to mature Americans by the Trump Administration and a perceptible step forward towards responsive health care reform that America’s seniors deserve.

You can read the rebate rule Executive Order here.

Andrew Mangione is Senior Vice President for AMAC’s advocacy affiliate, AMAC Action. He leads AMAC’s grassroots efforts, represents AMAC’s membership in Washington, D.C., and helps chart the association’s policy course. He also serves as a national spokesperson.

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Jack Thomas
5 months ago

Drug pricing reform is long past due. President Trump is to be congratulated for his steadfast dedication to helping America’s seniors (and many others through a combination of policy initiatives like his recent Executive Order regarding expanded access to Telehealth services). I’ve said this before but it needs to be repeated and reinforced: No senior should ever have to face the cruel choice between buying needed prescription drugs or buying food. That is unconscionable in the wealthiest nation in the world.

sdg
5 months ago

We seniors have waited long time for better prices on meds. Thanks Mr. President.

Murf appling
5 months ago

Curious as to how much of this “rebate” is subsidized by the American tax payer? if this is so, we R stealing from Peter to pay Paul. Nothing with a monetary surrounding is “free”!!
 
Murf Appling
Germantown, TN
 

LINDA TAAFFE
5 months ago

Thank you AMAC for standing up for us and a big thank you to President Trump for making this happen. Lowering drug prices will definitely help our finances when so many of us are on medications that are needed for the rest of our lives.

Donna Fuller
5 months ago

Thank you AMAC for keeping this issue in front of President Trump!

Joel
5 months ago

Great work! Now go after the states that tax our SS benefits and please address the sweet deals congress gives themselves on healh care etc. There is no reason they should be on choice plans for life! Live like the rest of us.

Tanya
5 months ago

Will you lobby for Hydroxychloroquine to be made available over the counter, as it is in other countries? Government reps, journalists, and Hollywood are all taking it, as was exposed by a video, taken down now, on Twitter, by Doctor’s.
We deserve it too. It’s cheap, and will allow us to return to normal life.

Divina
5 months ago

I just got a mailer from Katie Porter who is a California congresswoman stating that she voted to reduce the prescription drug prices and to lower costs for seniors by capping Medicare beneficiaries out-of-pocket drug cost. Yet, here is directly an article from AMAC that her claim. Katie Porter is so fake. She is claiming to vote for something that her party refuses to vote with the POTUS because it is Donald Trump. So, what did our President do, he signed an Executive Order instead of delaying this type of issues that helps the Seniors. But, Katie Porter claiming she is part of it? I am not surprised. She is a usual lying Democrat.

Divina
5 months ago
Reply to  Divina

Dang, edit button doesn’t allow me to edit. Anyway, add “refutes” on this sentence, Yet, here is directly an article from AMAC that “refutes” her claim.

Kim
5 months ago
Reply to  Divina

I know, right? I wish AMAC would put back the edit button! AMAC…please??!!

Barbara
5 months ago

Thank you again, President Trump!

Alice
5 months ago

Years ago when y’all were starting, my husband and myself had our supplemental insurance through AARP. I was able to get other through your organization, however my husband couldn’t and had no choice but to stay with AARP. They have upped his to $300/mo now. We have just gotten him back into the VA system and hope to cancel this highway robbery, though he would lose some very good doctors in doing this. Just can’t afford to keep his Supplemental at that price!

CATHERINE HORNSEY
5 months ago

I wonder how long it will take for the cockroaches to find a way around this and stick it to us again.

gin
5 months ago

I had bad health from the time I was a toddler. Convulsions, nose bleeds, anemia, flu each year that took weeks from whicn to recover, sleep paralysis, PVCs, Hashimoto’s thyroiditis, fibromyalgia, low aldosterone (adrenal insufficiency), etc. I got little satisfaction from the medical community. To make a short statement, as an RN, I was able to do a lot of my own research. I’m 8 decades and don’t take any Rx’s. I take good quality multi vitamins, magnesium, calcium, and a number of other supplements as seen in Life Extension magazine. A lot of people could do better without drugs.

Joe de Leon
5 months ago

When will we see the lower prices?

Gene Short
5 months ago

Thanks for all you do, AMAC. Please continue the fight with Pres.Trump to get drug prices lowered to where they are affordable for all seniors. Hopefully under Pres. Trump’s Adm. we will see Medicare negotiate Drug Prices for seniors.

Brenda Blunt
5 months ago

Thank you! It is about dog gone time!! No reason to have a middle man and no reason for CEOs to have an 8 numbered salary along with a high benefit package!!

Steve
5 months ago

A positive story , congratulations ! No story about Commies , Uncle Joe and his gang . No woke violent Americans .

james
5 months ago

when are we going to put the brakes on china . we need to make our own snake oil at home. who knows whats in those pills’

GKP
5 months ago

Another good thing that the Trumpster has done in less than 4 years and I hope he wins in a landslide this November and the country does not haveto deal with a stooge like Biden and his slop dogs Pelosi and Schumer////

Tugboat Jim
5 months ago

Great news. I have been on a very expensive anti-coagulant for 4 years. Every year I pay hundreds of dollars out of pocket once I fall in the “donut hole” in September. Thanks for making a dent in this.

Wanda
5 months ago

Does anyone know if this has to be passed by congress? I read a post on Facebook the other day, that said it’s not a done deal. I hope it was wrong

Divina
5 months ago
Reply to  Wanda

Wanda, that is the reason why Pres. Trump issued an Executive Order because the Democrats were holding it for some unbelievable reasons nothing to do with drugs. Just like when they try to agree with the Stimulus package, they inserted their pet projects that has nothing to do with the China coronavirus. Typical DemonRats.

Jeannie
5 months ago
Reply to  Wanda

Executive orders do not need to be approved by anyone. If this needed congress it would never happen,

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