Announced in August 2023 was plans for Medicare to initiate price negotiations for ten of the most expensive and necessary drugs prescribed to Medicare Beneficiaries. See our article here: https://rpecwa.org/hhs-selects-the-first-drugs-for-medicare-drug-price-negotiation/
New prices have been finalized for the first ten drugs to undergo negotiations by Medicare. On average, the new prices are 60% lower, saving Medicare beneficiaries a total of $1.5 billion in out-of-pocket costs and taxpayers $6 billion, just in the first year alone when the changes take effect in January 2026.
It is important to note that retirees who obtain their insurance through the Public Employees Benefits Board and…
