The Inflation Reduction Act (IRA) authorizes the Secretary of the Department of Health and Human Services (HHS) to negotiate prices directly with participating manufacturers for selected drugs that are high expenditure, single source drugs without generic or biosimilar competition. Negotiations with participating manufacturers for the first group of selected drugs begin in 2023, with negotiated maximum fair prices going into effect in 2026. We present information on the selected drugs, including Medicare use and spending for these drugs from 2018 through 2022.
- Insulin Affordability and the Inflation Reduction Act: Medicare Beneficiary Savings by State and Demographics
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- Medicare Part D Enrollee Out-Of-Pocket Spending: Recent Trends and Projected Impacts of the Inflation Reduction Act
- Trends in Prescription Drug Spending, 2016 - 2021
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