Trump appears to commit to IRA drug price cuts

30 January 2025

New US President Donald Trump and his administration have confirmed that lowering the cost of prescription drugs for Americans is a top priority, suggesting that they will continue the work of the previous regime.

This month, in accordance with the statutory requirements of the Inflation Reduction Act, the Centers for Medicare and Medicaid Services (CMS) released the list of 15 drugs selected for the second cycle of the Medicare Drug Price Negotiation Program.

As the second cycle begins under the Trump administration, the CMS has released a statement saying that it is ‘committed to incorporating lessons learned to date from the program and to considering opportunities to bring greater transparency in the negotiation program’.

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