The US Congressional Budget Office projects that revisions to the Medicare price negotiation provisions in the drug pricing reform legislation released recently by the Senate Finance Committee will produce nearly $23bn more savings to the federal government than the version approved by the House last fall. Savings from negotiation are now expected to reach $101.8bn, according to the score released by CBO 8 June.
Medicare Price Negotiation Savings Would Rise To $101Bn With Revisions To Legislation – CBO
Latest version of Medicare price negotiation and price inflation rebate provisions are expected to lower federal government costs by about $200bn over 10 years.
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