Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices

August 12, 2022 admin-dominor Abbvie Inc, Amgen Inc, Bayer AG, Biotech and Pharmaceuticals, Biotechnology, Breaking News: Business, Bristol-Myers Squibb Co, BUSINESS, business news, coronavirus, Disease outbreaks, epidemics, Health care industry, Joe Biden, Johnson & Johnson, Merck & Co Inc, Pandemics, Pfizer Inc, Politics, Regeneron Pharmaceuticals Inc, U.S. Economy

The legislation represents a historic expansion of Medicare's power that was fiercely opposed by the pharmaceutical industry.

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