‘Momentous’: Sweeping federal law will lower prescription drug costs for Medicare recipients

Under the Inflation Reduction Act, the federal government will negotiate the prices of certain drugs directly with manufacturers. That’s expected to reduce government spending by about $100 billion over 10 years – savings that will get passed on to consumers. (Drake Presto/Cronkite News)

Under the Inflation Reduction Act, the federal government will negotiate the prices of certain drugs directly with manufacturers. That’s expected to reduce government spending by about $100 billion over 10 years – savings that will get passed on to consumers. (Drake Presto/Cronkite News)

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