TL/DR –
The article discusses Joe Biden’s Inflation Reduction Act, which enables Medicare to negotiate prescription drug prices. This legislation marks the first time such negotiations have been permitted. The first year these changes will take effect is 2026.
In a groundbreaking move, the Inflation Reduction Act, spearheaded by Joe Biden, has enabled Medicare to negotiate prescription drug prices. This is a first in the history and 2026 is set to mark the beginning of this new era.
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