Medicare Drug Price Negotiation Program Archives - HIT Leaders and News

Biden-Harris Administration Moves Forward with Medicare Drug Price Negotiations to Lower Prescription Drug Costs for People with Medicare

Jason Free — Wed, 04 Oct 2023 14:48:35 +0000

The Biden-Harris Administration announced that all 10 drug companies whose drugs were selected for price negotiation with Medicare for the first cycle of the program have decided to participate in those negotiations. These companies manufacture some of the costliest and most commonly used prescription drugs.

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Statements by CMS Leadership on Historic Announcement of First Selected Drugs for Medicare Drug Price Negotiation

Jason Free — Wed, 30 Aug 2023 14:31:24 +0000

For the first time, Medicare is able to directly negotiate the prices of prescription drugs due to President Biden’s lower cost prescription drug law, the Inflation Reduction Act.

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HHS Announces Key Dates for the First Year of the Inflation Reduction Act’s Medicare Drug Price Negotiation Program

Jason Free — Wed, 11 Jan 2023 20:32:16 +0000

The U.S. Department of Health and Human Services (HHS) announced key dates for the first year of the Medicare Drug Price Negotiation Program under the Inflation Reduction Act, which will lower drug costs for millions of Americans. For the first time in history, because of the Inflation Reduction Act, Medicare will have the ability to negotiate prescription drug prices. That process begins in 2023, and the first negotiated prices will go into effect in 2026.

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