International Associated Press
Trump administration proposes new rule to cut drug prices for Medicare patients nationwide
The Trump administration plans to propose a new rule to reduce drug prices by limiting hospital markups on discounted medications for Medicare patients, which could potentially save consumers $1.1 billion annually.
The Trump administration is proposing a new rule to cut drug prices by limiting hospital markups on discounted medications for Medicare patients, which could save consumers up to $1.1 billion annually. The proposed rule aims to reduce costs for seniors and people with disabilities who rely on Medicare Part B coverage. If implemented, it would require hospitals to charge no more than the lower of the wholesale price or the average sale price of a discounted drug. The move is seen as part of a broader effort to address rising healthcare costs in the US.
Brief written with AI from reporting by Associated Press. All rights to the original story belong to the publisher.