As we’ve written, in August 2022 then-President Joe Biden signed the sweeping Inflation Reduction Act into law, which included several measures aimed at reducing prescription drug costs for Medicare beneficiaries. The law required the federal government to negotiate the price of some Medicare drugs, capped monthly insulin copays at $35, capped seniors’ out-of-pocket costs at $2,000 a year for Medicare’s prescription drugs and made vaccines free.
To further curb medical costs, in...
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