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Medicare costs soar as pricey drugs dominate coverage
AP reports that Medicare catastrophic prescription spending surged 85 percent from 2013 to 2015, driven by high priced hepatitis C drugs Harvoni and Sovaldi. The share of costs borne by taxpayers remains large, while rebates are undisclosed. Senators Grassley and Wyden urge scrutiny and action as costs threaten program sustainability.
MENTIONED IN THIS ARTICLE
Washington
Medicare
Harvoni
Sovaldi
Charles Grassley
Riowa
Associated Press
Gilead Sciences
FDA
Gleevec
Novartis
Sen
Grassley
Ron Wyden
D-Ore
Congress
Medco Health Solutions
Willingboro
N.J