The US government has struck a deal with drug firms to significantly cut the cost of 10 prescription drugs used by over-65s for conditions including diabetes and arthritis.
The price cuts of between 38 per cent to 79 per cent will come into effect in 2026.
They will apply to people enrolled in the Medicare programme, which provides health coverage for Americans aged 65 and over.
The new policy is expected to cover about nine million people who use at least one of the drugs.
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