Inflation Reduction Act Will Give Medicare Power to Negotiate Some Drug Prices

Inflation Reduction Act Will Not Cut Benefits—It Will Reduce Medicare Drug Costs

"By reducing the price of drugs, Medicare will be able to both spend less and provide better benefits to seniors and people with disabilities."

Inflation Reduction Act Will Give Medicare Power to Negotiate Some Drug Prices

When the Inflation Reduction Act passed the Senate Sunday, Republicans successfully blocked a price cap on insulin. Robert Weissman, president of Public Citizen, says that despite its flaws, the bill is a win against the pharmaceutical industry’s exploitative profits. “They’re super worried that this is a break in the dam and that it will lead to more negotiation, once we, the American people, see plainly the cost savings that are available,” say