Sanders Calls on Biden to Slash ‘Outrageous’ Medicare Premium Hike

“It would be absolutely unacceptable to force 57 million senior citizens to pay $11.50 more a month in Medicare premiums” due to Big Pharma’s greed, the Vermont senator said.

Sen. Bernie Sanders on Friday implored President Joe Biden to step in and prevent a looming Medicare premium hike stemming from the Food and Drug Administration’s widely condemned approval of an expensive—and possibly ineffective—Alzheimer’s drug.

In a letter to the president, Sanders (I-Vt.) noted that the pharmaceutical company Biogen has placed a $56,000-per-year price tag on Adulhelm, a treatment that the FDA approved in June despite experts’ concerns about the dearth of evidence showing it actually works to slow Alzheimer’s-induced cognitive decline.

“Incredibly and immorally, Biogen… has set the price of this Alzheimer’s drug at $56,000 even though the Institute for Clinical and Economic Review, an independent non-profit organization, has estimated that the maximum price of this drug should be no higher than $3,000-$8,400,” the Vermont senator wrote. “This is a perfect example of why Medicare should be negotiating drug prices with the pharmaceutical industry.”

commondreams Sanders Calls on Biden to Slash ‘Outrageous’ Medicare Premium Hike