US HHS fires starting gun on drug price talks mark two
The US Department of Health and Human Services (HHS) has released final guidance for the second cycle of Medicare drug price negotiations.
Aiming to further lower prescription drug costs, the talks will take part under the mandate provided by the Inflation Reduction Act.
The first set of price reductions, announced in August, is projected to save Medicare recipients $1.5 billion in out-of-pocket costs in 2026. The guidance also confirms that up to 15 more drugs will be selected for negotiation by February 2025, with those new prices taking effect in 2027.
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