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Prescription Drug Prices

Prescription Drug Prices

Update: 2024-08-21
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On Thursday, the Biden administration announced an agreement with drugmakers to reduce the prices of 10 of the most common prescription drugs covered under Medicare Part D. The agreement marks the first time the federal government has negotiated with pharmaceutical companies on drug prices, and the administration estimates the lower prices will save Medicare $6 billion when the deal goes into effect in 2026.


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Prescription Drug Prices

Prescription Drug Prices