Prescription Costs

Medicare Drug Price Negotiations for 2026: What You Need to Know

July 24, 2025

Big Savings Ahead: 2026 Medicare Drug Price Negotiations Starting January 1, 2026, Medicare beneficiaries may see meaningful savings at the pharmacy counter. Thanks to provisions in the Inflation Reduction Act (IRA), Medicare will begin implementing negotiated prices on select prescription drugs—targeting those with the highest…

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