Pharma Firms to Pay Medicare Rebates for Inflation-Exceeding Price Hikes
TL/DR -
President Biden's 2022 Inflation Reduction Act (IRA) aims to save money for Medicare beneficiaries by establishing the Medicare Prescription Drug Inflation Rebate Program, which could save beneficiaries between $1 and $3,575 per dose, depending on individual coverage. The Act requires drug companies to pay a rebate if their drug costs…