1.0KFF Health Newshttps://kffhealthnews.orgbrilabuskeshttps://kffhealthnews.org/news/author/brilabuskes/If Medicare Was Allowed To Negotiate Drug Prices Like Other Agencies, It Could Save $2.8 Billion In A Single Year - KFF Health Newsrich600338<blockquote class="wp-embedded-content" data-secret="5HyEjPvzeE"><a href="https://kffhealthnews.org/morning-breakout/if-medicare-was-allowed-to-negotiate-drug-prices-like-other-agencies-it-could-save-2-8-billion-in-a-single-year/">If Medicare Was Allowed To Negotiate Drug Prices Like Other Agencies, It Could Save $2.8 Billion In A Single Year</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://kffhealthnews.org/morning-breakout/if-medicare-was-allowed-to-negotiate-drug-prices-like-other-agencies-it-could-save-2-8-billion-in-a-single-year/embed/#?secret=5HyEjPvzeE" width="600" height="338" title="“If Medicare Was Allowed To Negotiate Drug Prices Like Other Agencies, It Could Save $2.8 Billion In A Single Year” — KFF Health News" data-secret="5HyEjPvzeE" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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Medicare currently isn't allowed to negotiate drug prices, but analysts looked at agencies that can -- like the Department of Veterans Affairs -- and crunched some numbers. As drug prices continue to rise, officials scramble to find ways to curb the cost hikes. Meanwhile, Medicare beneficiaries will pay lower premiums on their prescription drug plans next year.