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Biden administration’s negotiated price cuts for 10 common prescription drugs likely to save Medicare billions, beginning in 2026

  • Written by Simon F. Haeder, Associate Professor of Public Health, Texas A&M University

The Biden administration announced on Aug. 16, 2024, the reduced prices of the first 10 drugs it has negotiated with pharmaceutical companies over their Medicare prices.

Provisions authorizing these negotiations were part of the Inflation Reduction Act, which took effect in 2022, but these lower prices aren’t scheduled to take effect until...

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