Hill September 30, 2024
The Department of Health and Human Services (HHS) announced some Medicare enrollees will pay less for 54 drugs covered by Medicare Part B through the end of 2024 thanks to the rebate program established by the Inflation Reduction Act (IRA).
The Medicaid Drug Rebate Program requires drugmakers to pay the program a rebate if the price of their drugs rises faster than the rate of inflation.
HHS announced savings for 64 drugs earlier this year also due to the rebate program. The lowered prices for those drugs were in effect during the third quarter of 2024, ending Monday.
According to HHS, an estimated 822,000 enrollees use these 54 drugs for conditions like cancer, osteoporosis and pneumonia. The Centers for Medicare...
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