8 August 2018 - Insurers, PBMs will be able to negotiate prices for Part B.

Drug makers will be required to negotiate on prices for more medications paid for by Medicare, the latest step in the Trump administration’s campaign to rein in prescription costs.

Starting next year, private insurers that provide coverage to about 20 million seniors through Medicare Advantage will get new powers to bargain over drugs administered in doctor’s offices or hospitals, Health and Human Services Secretary Alex Azar said Tuesday in an interview with Bloomberg.

Read Bloomberg article