The #Biden admin on Wed announced cost savings on 64 additional #drugs under a new #Medicare program.
Under the 2022 #InflationReductionAct, drug companies that raise prices of certain meds faster than the rate of #inflation are required to pay a rebate to Medicare. Federal ofcls then perform adjustments to lower the cost of the #MedicarePartB drugs that qualify.
Biden ofcls say that >750k people covered by Medicare use the 64 drugs; the drugs treat conditions such as #cancer & #osteoporosis.