Health and Wellness, Explainer Ashni Mehta Health and Wellness, Explainer Ashni Mehta

Explainer: Medicare Negotiations for Drug Prices

On Tuesday, August 29th, the Biden administration announced the first 10 drugs that Medicare will start negotiating the prices of with manufacturers as part of the Inflation Reduction Act. The Act allowed Medicare to negotiate prices for drugs to lower their costs. These negotiations with drug manufacturers will significantly lower prescription drug costs for Indian and South Asian Medicare recipients.

Read More