From The Certified Elder Law Attorney's Desk:

William W. “Bill” Erhart

Medicare and Medicaid Begin Drug Price Negotiations

The Centers for Medicare and Medicaid Services (“CMS”) released a list of the first ten drugs whose prices will be subject to negotiation for Medicare patients, a plan implemented under the Inflation Reduction Act (“IRA”). Not to be cynical, but like any venture the government is involved in, it is hard to make sense of it.

First, CMS needs permission from Congress to negotiate prices? How does anyone operate without the ability to negotiate or shop in the marketplace? But that has been the law for decades...

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