January 12, 2023
Life Sciences
  • The U.S. Department of Health and Human Services (HHS) announced the specific timeline for the first year of Medicare prescription drug price negotiations. HHS will reveal in early September the first 10 high-cost drugs, and plans to negotiate the prices with drug manufacturers in February 2024. The maximum negotiated prices will be announced in September 2024 and the new prices will take effect starting on January 1, 2026.The government will select 15 more drugs for 2027, 15 additional ones for 2028, and 20 more for each year after that. (Press release here; Articles here, here, and here)