Reported about 2 months ago
The Biden administration announced that Medicare will save $6 billion in 2026 from the first-ever negotiations on drug prices for Part D. This historic move allows Medicare to negotiate directly with manufacturers, applying to all Medicare Part D plans, which will also save seniors $1.5 billion in out-of-pocket expenses. The changes stem from the Inflation Reduction Act passed in 2022, and negotiations will continue to expand to more drugs in the coming years.
Source: YAHOO