What to Expect When Medicare and Pharma Finally Negotiate Drug Prices

The Inflation Reduction Act gave Medicare historic new power to directly negotiate the prices of some of the costliest prescription drugs. Now the federal agency must grapple with a difficult question: What makes a drug price fair?

This week, we explain how this negotiation process will work and the impact it could have.


Anton Avanceña, PhD, Assistant Professor of Health Outcomes, University of Texas 

Darius Lakdawalla, PhD, Professor of Pharmaceutical Economics and Public Policy, University of Southern California 

Lauren Neves, JD, Deputy Vice President, PhRMA

Steve Pearson, MD, MSc, Founder and President, Institute for Clinical and Economic Review (ICER)

Ben Rome, MD, MPH, physician and researcher, Harvard Medical School

Meena Seshamani, MD, PhD, Deputy Administrator, Centers for Medicare and Medicaid Services

Leslie Walker, Senior Producer/Reporter, Tradeoffs

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