It turns out that negotiating actually works!
The federal government finally got the power to negotiate prescription drug prices. Last week, the list of the first 10 drugs negotiated by Medicare for the American public got released, and their price tags are a lot lower. Dr. Abdul El-Sayed takes a look at the list, and talks about what this negotiation shows us about the potential to expand healthcare accessibility and fight for Medicare for All.
00:00 - Just released: the list of prices for the first 10 drugs to be negotiated by Medicare
01:05 - Joe Biden on Big Pharma and the IRA
02:51 - The list of the 10 drugs and their newly negotiated price
03:55 - Message from our sponsors @MargueriteCaseyFoundation
04:44 - Monopoly power vs monopsony power
06:39 - This reinforces that we need Medicare for All
Medicare negotiated with Pharma. And it won.
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