In 2022, the Inflation Reduction Act authorized and required Health and Human Services for the first time to negotiate the maximum price drug manufacturers can charge Medicare plans for 10 popular ...

The first 10 drugs subject to Medicare price negotiations go into effect on Jan. 1. Part D enrollees may see those drug costs drop by about half, AARP finds.

Learn about the key changes to Medicare prescription drug coverage in 2026, including a new out-of-pocket cap, insulin cost limits, and a payment plan option.

WASHINGTON, Dec 18 (Reuters) - Americans enrolled in Medicare will pay about 50% less out of pocket in 2026 for some drugs including Pfizer and Bristol Myers Squibb's blood thinner Eliquis and Merck & ...

Medicare patients may have noticed a cost increase in prescription drugs due as drug insurers respond to a cap placed on out-of-pocket costs. “It’s a complicated story,” said Rich Daly, a senior ...

Medicare's cap on out-of-pocket costs helps cancer patients and others taking expensive drugs. With less financial burden, ...

Since their introduction over 20 years ago, Medicare Advantage plans have become a rapidly expanding option in the Medicare system. In 2025, more than 34 million people enrolled in a ...