Posted by Michael Wonder on 24 Dec 2024
HHS announces cost savings for 64 prescription drugs thanks to the Medicare Prescription Drug Inflation Rebate Program established by the Biden-Harris Administration’s lower cost prescription drug law
20 December 2024 - Under the Inflation Reduction Act, some people with Medicare will pay less for some Part B drugs because the drug’s price increased faster than the rate of inflation.
The US Department of Health and Human Services, through the CMS, today announced that some Medicare enrollees will pay less for 64 drugs available through Medicare Part B. The drugs will have a lowered Part B coinsurance rate from 1 January 2025 – 31 March 2025, since drug companies raised prices for each of these 64 drugs faster than the rate of inflation.
