> Looks like it’s only starting for drugs in 2026. But until now, they paid whatever list price the manufacturers dreamed up:
We're not talking about prescription drugs - the entire thread so far has been about inpatient and outpatient care.
Medicare does not negotiate prices for prescription drugs at the moment, but that's because pharmaceutical coverage for Medicare is provided by private insurers, and those private insurers are responsible for negotiating the rates.
> For the first time in history, Medicare will have the ability to negotiate lower prescription drug prices because of the Inflation Reduction Act
https://www.hhs.gov/about/news/2023/03/15/hhs-releases-initi...