Round 1 Of US Drug Price Negotiations Suggests Medicare Can Beat Original Part D System

CBO estimated Medicare would get 50% net price reductions under the IRA, but CMS actually garnered 22%. The CBO analysis could not account for some of the particulars of the negotiations, but some health policy experts stressed any net gain over private Part D plan negotiation is a win.

close up of person putting coins into a full jar of coins
Medicare achieved a 22% net price reduction in aggerate through its first drug price negotiations. • Source: Shutterstock

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