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Medicare Could Save More than $80bn With Price Inflation Rebates – CBO Score of Senate Bill

 
• By Cathy Kelly

Nearly $70bn in savings over 10 years is expected to result from mandatory price inflation rebates for drugs covered by Medicare Part D.

Dollar sign made of pills on blue background
Cost Savings Will Come Maily From Retail Pharmacy Drugs

Mandatory price inflation rebates on prescription drugs covered by Medicare could lower the federal deficit by $83bn over 10 years, according to a new Congressional Budget Office score of drug pricing legislation sponsored by Sens. Chuck Grassley, R-IA, and Ron Wyden, D-OR.

Released 13 March, the score projects that Medicare spending for Part D drugs would decrease by $69.7bn from 2021-2030

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