The Inflation Reduction Act includes several provisions that empower Medicare to negotiate drug prices with pharmaceutical companies. See potential bias and similarities in coverage from Deseret, CtrforAmerica and CNBC:
, which includes several provisions that empower Medicare to negotiate drug prices with pharmaceutical companies.over $142 million on lobbying efforts to combat the Democrats' legislation
, will be required to cap out-of-pocket prescription costs for seniors and people with disabilities enrolled in Medicare at $2,000 a year. The U.S. Department of Health and Human Services will also begin negotiating prices for the top 10 medications by total Medicare expenditures in 2026, rising to 20 in 2029.removing co-pay costs for vaccines and restricting drug price increases to the rate of inflation.
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Will the Inflation Reduction Act actually reduce inflation?The Inflation Reduction Act's title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American households?
Read more »