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Medicare’s New Year’s resolution? Bring down drug prices.

Marketplace

Marketplace

News, Business

4.68.5K Ratings

🗓️ 29 December 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

One in seven Medicare beneficiaries surveyed reported not filling a prescription due to high cost. The Inflation Reduction Act was meant to change this by allowing Medicare to negotiate the prices of 10 medications beginning in 2024. It’ll be a balancing act — bring prices down enough that they’re affordable, but not so low that drug companies exit the Medicare market. Also in this episode: French wineries suffer as red wine consumption drops, and new OSHA rules bring more transparency to on-the-job accidents at 50,000 workplaces.

Transcript

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The economy in 2023 did not go the way a lot of folks thought it would.

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Looking back and looking ahead to what we can expect in the new year, from American

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