HHS Press Office June 30, 2023
Today, the U.S. Department of Health and Human Services (HHS) announced actions to lower health care costs and implement President Biden’s lower cost prescription drug law – the Inflation Reduction Act (IRA) – which is already saving covered seniors and people with disabilities hundreds of dollars annually.
HHS released revised drug price negotiation guidance from the Centers for Medicare & Medicaid Services (CMS). The guidance is a critical step in implementing the IRA, which finally took on Big Pharma and will allow Medicare to negotiate lower drug prices on behalf of people with Medicare.
“The Biden-Harris Administration isn’t letting anything get in our way of delivering lower drug costs for Americans,” said Secretary of Health and Human Services Xavier Becerra....
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