bullish

10 Drugs To Come Under First Round of Medicare Price Negotiations in US to Curb Inflation

320 Views30 Aug 2023 18:46
SUMMARY
  • On August 29, the Centers for Medicare & Medicaid Services unveiled list of 10 drugs, which will come for the first round of price negotiations under the Inflation Reduction Act.
  • From June 2022 to May 2023, more than 8 million people covered by Medicare used these 10 drugs, which accounted for more than $50B spending in Medicare Part D.
  • The negotiated price will be effective on January 1, 2026. Most of the companies will not be significantly impacted by the drug price negotiation.
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Tina Banerjee
Global Healthcare Analyst
Health CareEquity Bottom-UpThematic (Sector/Industry)
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