Biden admin announces results of historic Medicare drug price negotiations that will save $6B
By Tami Luhby, CNN (CNN) — Medicare’s new power to negotiate drug prices will lead to an estimated $6 billion in savings for the federal government and a $1.5 billion reduction in out-of-pocket costs for seniors when the lower prices take effect in 2026, the Biden administration announced Thursday. The negotiation program, which was authorized
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