Senate Finance: Part B Inflation Rebates Have Saved Seniors $3 Billion

By Gabrielle Wanneh / August 26, 2024 at 6:19 PM

A new staff analysis from the Senate Finance Committee says the Inflation Reduction Act’s price gouging penalty for drug makers that raise the price of Medicare Part D drugs faster than the rate of inflation has saved $3 billion for seniors and taxpayers since January 2023 and has generally slowed the rate at which companies are seeking to hike drug prices.


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