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Healthcare Headlines airs every Thursday at 7:45 AM on 88.1 WVPE with support from Greencroft Middlebury.

Healthcare Headlines: Medicare will negotiate drug prices for the first time ever

Christina Victoria Craft
Unsplash

The U.S. Department of Health and Human Services released its list of the first 10 drugs that Medicare will take aim at for price negotiations with drugmakers. This new negotiating power could save the federal government nearly $100 billion by 2031 and slash some prices Medicare pays by half. Drugmakers are bracing for a major shakeup in how Medicare, one of their largest customers, does business.

Farah Yousry covers health equity for Side Effects Public Media, in partnership with the Indianapolis Recorder. She can be reached at fyousry@wfyi.org.