article thumbnail

Democrats Didn’t Achieve All Their Goals, but Inflation Reduction Act Makes Historic Medicare Changes

Kaiser Health News

Never before have we been able to negotiate prescription drug prices. Another 10 drugs would be added over the next two years, with the savings fully in effect by 2028. One is the cap on price hikes. million Medicare beneficiaries paid more than $2,000 for their drugs in 2019. “It’s historic.