12 January 2023 - The US Government will announce a list of 10 prescription drugs for which it plans to negotiate the prices for Medicare recipients on 1 September, and the prices a year later, a top Biden administration official said on Wednesday.

President Joe Biden in August signed into law the Inflation Reduction Act, which among its provisions for the first time allows the federal Medicare health plan for people age 65 and older and the disabled to negotiate prices on some of the most expensive drugs.

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