Inflation Reduction Act Imposes Prescription Drug Pricing Reforms
Healthcare Law Insights blog
NOVEMBER 8, 2022
The Secretary is required to negotiate prices for 10 single-source drugs, beginning in 2026 and increasing each subsequent year through 2029, when 20 single-source drugs will be chosen for pricing negotiation. Companies that raise prices faster than inflation will be required to pay Medicare a rebate. What this means to you.
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