A relief for Long Island’s senior community

Long Island has always valued innovation, but we also believe in taking care of our own. We can and should continue to support pharmaceutical research, but not at the cost of our seniors’ health and financial security.”

For years, Long Island’s seniors have faced a daunting challenge: the ever-rising cost of prescription medications. In a region where the cost of living already stretches many budgets to the breaking point, our elderly neighbors have often been forced to make impossible choices between their health and their financial stability. Now, however, there is a ray of hope on the horizon for Nassau and Suffolk counties’ substantial senior population.

The federal government’s recent announcement of negotiated prices for 10 commonly prescribed medications under Medicare marks a significant turning point. For Long Island, where nearly one in five residents is over age 65, this change promises real, tangible benefits.

Consider the impact on our community. The price of Eliquis, a blood thinner used by thousands of area seniors to prevent strokes, will be slashed by 56 percent. For a retiree on a fixed income, that could mean a savings of nearly $3,500 a year — money that can now go toward other essentials like food and utilities, or even small luxuries that improve quality of life.

Similarly, a 66 percent price reduction for Jardiance, a crucial medication for diabetes and heart failure, could be life-changing for many of our neighbors. With diabetes affecting a significant portion of the elderly population, this price cut could mean the difference between managing the condition effectively and facing severe health complications.

And the benefits extend beyond individual savings. By reducing the financial strain of medication costs, we may see improved adherence to prescribed treatment plans among our senior population. That could lead to better health outcomes, and potentially reduce the burden on our local health care systems, including hospitals like Mt. Sinai South Nassau and Northwell.

Moreover, these savings could have a ripple effect throughout our local economy. When our seniors have more disposable income, they’re more likely to patronize local businesses, contributing to the vitality of our communities.

It is crucial, however, to address the concerns raised by some about the potential impact on pharmaceutical innovation when the federal government steps in to negotiate drug prices. Critics argue that negotiated prices could stifle research and development, potentially depriving us of future breakthrough treatments.

While this concern is valid, it’s important to put it in perspective. The pharmaceutical industry remains highly profitable, with margins that far exceed most other sectors of the economy. Many breakthrough drugs have been developed with significant public funding through institutions like the National Institutes of Health. And the negotiated prices, while lower, will still provide these companies with substantial revenue.

Furthermore, we must weigh the hypothetical loss of future innovations against the very real, immediate benefit to our community. For the senior you know who has been cutting pills in half to make them last longer, or the retiree next door who has been skipping doses to stretch their budget, these price reductions aren’t just numbers — they’re a lifeline.

Long Island has always valued innovation, but we also believe in taking care of our own. We can and should continue to support pharmaceutical research, but not at the cost of our seniors’ health and financial security.

As these new prices take effect in 2026, we encourage our senior readers to stay informed and discuss the changes with their health care providers. Those who are concerned about how lower prices might affect their medications can reach out to local resources like the Nassau County Department of Human Services for guidance.

This step toward making medications more affordable isn’t just a win for our elderly population — it’s a win for all of us who believe in the promise of a compassionate, equitable health care system. It’s a reflection of our values as a community, showing that we prioritize the well-being of our neighbors over corporate profits.

So let’s continue to advocate for policies that benefit our local seniors while also supporting responsible innovation. Long Island has always found ways to balance progress with compassion, and this is one more opportunity for us to show what makes our community truly special.