Medicare's historic plan to slow prescription drug spending is taking shape. Thursday federal health officials released proposed guidance that outlines the first of a pair of major drug price reforms contained in the Inflation Reduction Act. Those reforms are projected to save Medicare roughly $170 billion over the next decade.
President Joe Biden touted the effort underway earlier this week in his State of the Union address. "We're taking on powerful interests to bring your health care costs down so you can sleep better at night," he said.
