The Biden administration’s price cuts for 10 common prescription drugs could save Medicare billions, starting in 2026.
The Biden administration announced on Aug. 16. 2024, reduced prices for the first 10 drugs it negotiated with pharmaceutical companies for their Medicare prices. The provisions allowing these negotiations were part of the Price Reduction Act, which went into effect in 2022, but these lower prices are not scheduled to take effect until 2026. Drugs … Read more