tangible status quo that was gonna produce. are you worried about the timeline here, where these new drug prices aren t going to hit people, i think, until after the election? they have a similar sort of timeline issue? well, first, it pains me to say, the affordable care act was not as popular. essentially, medicare prescription drug negotiation has an 80% approval rating. it is strongly supported by democrats, independents and republicans. i know republicans were perhaps relatively silent today, that does not stop the fact that they voted against the inflation reduction act, and against the ability for medicare to negotiate drug prices. so, it is a popular, bill it is a bipartisan, provision of the legislation, that s why i think it will stand the test of time. i will note, drug prices will be public, in the fall of september, 2024. and in many arenas, health insurance companies have followed medicare in setting
cancer. a drug for crohn s. what is the process here? how does this work? well, essentially, the law specifies that the drugs that cms, hhs would pick drugs that have the highest drug expenditures. the expenditures for medicare. so, that s really the process by which these drugs are selected. then there is a negotiation over the next year, really. over the next month, cms and the manufacturers are gonna mix several months, we ll have a negotiation. and the price will be selected, determined by september of next year. the fall of 2024. this will, like you said, expand year after year. new drugs added to this roster. it s interesting, i have noticed, there hasn t been a ton of republicans talking one way or another about this today. which i thought was kind of interesting. largely silent on this. michael burgess i, saw a member
on them. the only big opposition to it was from big pharma, which wanted to keep prices as high as possible. and their dog at opposition, over decades, is why this really popular, sensible proposal, was blocked. yet, today, that air is over. president biden announcing, in a program that is part of the inflation reduction act, the names of the first ten drugs that will be subject to price negotiations with medicare. eric tanden serves a domestic policy adviser, and she joins me now. it s great to have, you have been a democratic policy circles for a while and i ve been around this issue. so, there is something almost surreal about seeing that event today. this is a thing that is happening. yeah, i feel a little like i was aging with the videos. i worked on some of those campaigns over many years where we had leader after leader advocate for drugs being negotiate by medicare, very common sense proposal, but i m really proud that joe biden and
when you buy a lot of, something you go to the supplier you say, hey, i m gonna buy a ton of this, let s work at a price. absolutely. in fact, medicare negotiates prices for everything else. hospital payments. doctors payments. it s really only because pharma got a sweetheart deal carve out, decades ago. that medicare has not been able to negotiate drug prices until the inflation reduction act. that s why today is so historic. this thing with health care advocates, many people who ve been working in this field for decades have advocated, for it s finally coming to fruit. let me ask you a timeline question, as a veteran of the affordable care act battles, famously, the affordable care act was pulled very poorly. pulled very well before it started being debated, pulled poorly by the time is being passed. it continued to pull very poorly in the first year or two. and then they tried to repeal it twice, they couldn t do it. because a very popular, very popular now. partly, there s a bu
new details on mark meadows is a high stakes gamble to find a maga jury pool. plus if they provided the documents, there would be no need for an impeachment inquiry. the republican resistance to a baseless impeachment bush. they just continue to take orders from donald trump. their puppet master and chief. a decade-long promise from democrats finally came to fruition in the white house. let medicare negotiate for lower prices. give medicare the authority to negotiate for lower prices. after decades of taking on big pharma, we finally won. when all in starts, right now we good evening from. new york. i m chris hayes. there have been a ton of developments in the donald trump indicted universe today, including a new filing in fulton county regarding whether or not that trial for all 19 defendants begins in october. we are in the midst of a