How Medicare Started Negotiating Drug Prices
In most international locations, well being care programs negotiate drug costs immediately with pharmaceutical firms, making essential medication extra inexpensive for his or her residents. In America, that wasn’t the case till just lately.
Signed into regulation in August of 2022, the Inflation Reduction Act made a number of adjustments geared toward strengthening the United States Medicare program. One of these adjustments allowed Medicare, for the very first time, to immediately negotiate drug costs.
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