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Negotiated Prices for 10 Drugs Take Effect in 2026
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Negotiated Prices for 10 Drugs Take Effect in 2026
Medicare has a new ability created by the Inflation Reduction Act of 2022. It can now negotiate prices for the most expensive drugs the program covers. In fact, the first set of negotiated drug prices go into effect in 2026. It’s estimated to save $1.5 billion in annual out-of-pocket costs for Medicare beneficiaries. This will save the Medicare program $6 billion per year. The medications selected for negotiation are brand-name drugs that don’t…
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