Agency Releases List of 43 Part B Prescription Drugs Subject to IRA Inflation Rebates

Agency Releases List of 43 Part B Prescription Drugs Subject to IRA Inflation Rebates

The Biden administration announced (press release; fact sheet) a list of 43 Part B prescription drugs where beneficiaries may see lower coinsurances between July 1 – September 30, 2023. The Medicare Prescription Drug Inflation Rebate Program, a provision of the Inflation Reduction Act (IRA), penalizes drug companies for raising prices on Medicare prescription drugs faster than inflation. The Centers for… (Marceno, Testa, June 9, 2023) #Drug Pricing