What’s a fair price for a prescription drug? Medicare’s about to weigh in

Medicare expects to save nearly $100 billion over the next several years by negotiating on drug prices for select drugs. But which drugs it will choose and how it will go are still open questions.

Medicare soon will start something it hasn’t done in its 58-year history: Negotiate on drug prices. On Sept. 1, Medicare will target the first 10 drugs for price negotiations.

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