A new report asserts that the Inflation Reduction Act will enforce a minimum discount that surpasses the 2020 rebates for only 4 out of 10 negotiated Medicare drugs by 2026. The four drugs, Enbrel, Imbruvica, Ibrance, and Xtandi, will be subject to minimum discounts of 60% and 25%, respectively. The report expects the savings to amount to $1.8 billion. The current rebate will determine the highest negotiated price for the other six drugs. In order to achieve the $3.7 billion savings projected by the Congressional Budget Office, the study authors suggest that negotiated prices will need to fall below the stipulated price ceiling.
To read more, click here.
[Source: EndPoints News, August 2nd, 2023]