Medicare is on track to negotiate drug prices, thanks to the Inflation Reduction Act — what it means for you

Medicare is on track to negotiate drug prices, thanks to the Inflation Reduction Act — what it means for you
·3 min read

A game-changing new bill, dubbed the Inflation Reduction Act, could dramatically reduce how much seniors have to spend on medications. There are several proposed changes for Medicare and its beneficiaries under the Senate budget reconciliation bill from Senate Majority Leader Chuck Schumer, D-NY, and Sen. Joe Manchin, D-WV, which was approved over the weekend. Medicare beneficiaries would be able to get the same medications, but it would cost them and Medicare less.