What is Medicare drug price negotiation?

What is Medicare drug price negotiation? Published: May 5, 2021
Quote: : In a nutshell, it would allow the Medicare program to directly negotiate pharmaceutical prices with drugmakers. Negotiations could apply to either all Medicare-covered drugs or just the costliest ones. Part D, the voluntary prescription drug program for Medicare beneficiaries, currently allows the private plans it contracts with to negotiate discounts, in the form of rebates and other price concessions, with manufacturers.

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2021-10-04 01:28:00