
Move is expected to cut costs for some patients but faces lawsuits from drugmakers and heavy criticism from Republicans. US President Joe Biden’s administration has released a list of 10 prescription medicines that will be subject to the first-ever price negotiations by the United States Medicare health programme, a move that could affect tens of millions of people. Biden’s signature Inflation Reduction Act (IRA), signed into law in August last year, allows the health programme for Americans aged 65 and over to negotiate prices for some of its most costly...