CNBC December 28, 2023
Annika Kim Constantino

Key Points

– U.S. patients and drugmakers will get a first glimpse of how much Medicare can negotiate down drug prices in 2024.

– Next year could set the precedent for a controversial process that may affect the prices seniors pay for dozens of medications by the end of the decade.

– It could also be a pivotal year for the lawsuits that drugmakers – including Merck, Johnson & Johnson and Bristol Myers Squibb – have filed against the price talks.

U.S. patients and drugmakers will get a first glimpse of how much Medicare can negotiate down drug prices in 2024, setting the precedent for a controversial process that may affect what seniors pay for dozens of medications by...

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