of the fda, the agency that is given a for approving drugs in this, country then that ca give - drugmakers drug makers rely on an fda approval when they invest in their research and development and distribution and sales and all kinds of things with drugs the idea that a judge can come in and second guess that, think, is just untenable even if judges who are looking at this on appeal don t like the medication abortio decision, i think it will be very difficult for them to say any judge can just overturn th decision of the fda becaus they just don t like the drug. so i think, i am cautiousl optimistic that on appeal, w will see a change in thi ruling and use each, some extent christina, the republicans broadly speaking, they are not embracing this decision. not a lot of people have com out in support of it republican officials, i talking about, in congress because they know abortion has not has now become a energizin
lead to serious health complications. this is expected to be a big deal for these people. how quickly does this move? once they say, okay this is going to be the new thing. how long until they actually go and get their insulin and they see this new price it s different. there is three drug makers, eli lilly says $359 cap he is effective immediately for anyone that uses eli lilly insulin. sanofi could take a while. the changes won t go in effect until 2024 people have to wait the rest of this year before they see the benefits have you talked to any of the folks affected by this yeah. i m work thong now i got a comment, this is a tie of relief, particularly for the young people out of college, just got kicked off their parents health insurance plan. now they ll autobe able to affo the insulin. sometimes insurance doesn t cover something if the price of the medication has become hor as dropped or become cheaper so now they re concerned about
prescription drugs. those are drugs whose prices went up and rose faster than inflation did last year. so that would mean that seniors would, for example, see cost sharing drop from $2 to $390 per average dose for medications. now, in addition to this being cost saving, officials also say that it would serve as a disincentive for these drug makers to raise their prices. and then secretary becerra mentioned that they would also be reviewing this on a quarterly basis, in fact, in a statement the hhs secretary said, quote, president biden made lowering prescription drug costs for americans a top priority, and we re using every lever we have to deliver results. so expect to hear some of this in president biden s remarks this afternoon as he and his administration really focus on the measures that they are taking to save americans some money with those out-of-pocket costs and then today
negotiate prices medicare provides [ applause ] we ll drive down prices because we give medicare the power the same power the department of veterans affairs has they can negotiate whatever they re pay for drugs they re prescribing to the military. i know many of you are health care professionals you understand this better than anybody else for example, insulin was invented 100 years ago the guy who invented it decided not to patent it because he wanted it to be available. it only cost $10 a vial to make. you count everything, you get he s not wrong about that i lived overseas the cost of prescriptions was a lot cheaper when you were not getting them here in the united states he s set to announce fines on drug makers for raising drug prices faster than inflation for
the other team voted that down as well. along came, along came the largest maker of insulin in the country. they had seen the lord. they saw the light. here is the deal, i m not kidding. on the biggest drug makers, they just announced that they are going to cap the cost of all of their insulin, $35. and guess what that means? no other company is going to be able to charge more than that because nobody is going to buy it. for everyone else with diabetes, that is going to help. 500,000 folks in alabama today. they are on this. it will reduce the price from somewhere between four and 600 bucks a month for $35 a month. so let s finish the job. lower the price, including 200,000 children with type one diabetes across this country.