A political ad claims Sen. Joe Manchin and AARP support a drug pricing plan that would divert funds from Medicare. That's False. The plan would lead to significant savings for the program.
. That’s because, under this scenario, Medicare premiums and cost sharing would also be reduced, saving beneficiaries money. The actual savings would probably vary, though.
"There’s a lot of disagreement about how large those effects will be and whether we are talking about high- or low-value drugs," Fiedler wrote in an email referring to the reduced number of drug approvals."There is a potential trade-off here between lower costs for beneficiaries and fewer new drugs down the road, albeit nothing resembling a clear-cut case that Medicare beneficiaries will be worse off overall.
So, overall, the experts said the ad’s contention that drug price negotiations would negatively affect seniors is inaccurate.The ad also alleges that the billions of Medicare dollars saved would be spent by liberal politicians on"unrelated government programs" or to"pad big insurers’ profits." There’s no question that the $288 billion in savings would give"Congress the ability to spend on something else in the same bill," Antos said."But, again, this is not a revelation — this is how all legislation works. The ad makes it sound as if it’s out of the ordinary, but it’s actually completely usual."
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