Posted by Michael Wonder on 04 Sep 2023
What to expect from the emerging battle royale over drug prices
2 September 2023 - On 29 August, the Biden administration announced the first 10 drugs whose prices will be negotiated with pharmaceutical companies this year and next, with lower prices becoming effective in 2026.
The stakes are huge for American taxpayers and patients. Medicare enrollees taking the 10 selected drugs paid $3.4 billion in out of pocket costs in 2022. These 10 drugs cost Medicare $50.5 billion between 1 June 2022 and 31 May 2023.
