VA Benefits: Millions Could Save Thousands of Dollars Under New Bill
Summary
A new bill called the MISSION RX Act was introduced to lower prescription drug prices for military members, veterans, and their families. It would allow people using TRICARE and the VA health system to pay the same low prices for medicines that Medicare negotiates.Key Facts
- The MISSION RX Act was introduced by Democratic Representatives Pat Ryan and Eugene Vindman, both Army veterans.
- Currently, only Medicare has the power to negotiate lower prices for some expensive prescription drugs.
- TRICARE covers about 9.6 million people including active-duty military, retirees, and their families.
- Millions of veterans receive health care through the VA system.
- The bill would let TRICARE and VA patients pay the lower price between Medicare’s negotiated rate or their current price.
- This change could save military families thousands of dollars each year, especially for brand-name medicines for long-term conditions.
- Veterans groups like the Veterans of Foreign Wars support the legislation.
- Medicare’s drug price negotiation system has already saved billions of dollars.
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