How Will Drug Prices Be Affected By the Inflation Reduction Act?
See How AllSides Rates Other Media Outlets
We have rated the bias of nearly 600 outlets and writers!
See some of the most popular below:
Want to see more?
Check out the AllSides Media Bias Chart, or go to our Media Bias Ratings page to see everything.
See How AllSides Rates Other Media Outlets
We have rated the bias of nearly 600 outlets and writers!
See some of the most popular below:
Want to see more?
Check out the AllSides Media Bias Chart, or go to our Media Bias Ratings page to see everything.
See How AllSides Rates Other Media Outlets
We have rated the bias of nearly 600 outlets and writers!
See some of the most popular below:
Want to see more?
Check out the AllSides Media Bias Chart, or go to our Media Bias Ratings page to see everything.

Join Living Room Conversations, our civil dialogue partner, and America Indivisible for a nationwide conversation on April 13, Thomas Jefferson’s 276th birthday. "Reckoning with Jefferson: A Nationwide Conversation on Race, Religion, and the America We Want to Be" will be held via in-person and online video discussions. Sign up today!

Join Living Room Conversations, our civil dialogue partner, and America Indivisible for a nationwide conversation on April 13, Thomas Jefferson’s 276th birthday. "Reckoning with Jefferson: A Nationwide Conversation on Race, Religion, and the America We Want to Be" will be held via in-person and online video discussions. Sign up today!

Join Living Room Conversations, our civil dialogue partner, and America Indivisible for a nationwide conversation on April 13, Thomas Jefferson’s 276th birthday. "Reckoning with Jefferson: A Nationwide Conversation on Race, Religion, and the America We Want to Be" will be held via in-person and online video discussions. Sign up today!
Practical, engaging webinars designed to transform how you approach current events and facilitate productive classroom discussions.
The Art of Discussion - Civic Learning Week
Wednesday March 12, 2025 | 6:00 PM Eastern Time
Learn how to facilitate respectful dialogue across political and social divides using Mismatch, our platform for connecting students with diverse viewpoints.
Practical, engaging webinars designed to transform how you approach current events and facilitate productive classroom discussions.
The Art of Discussion - Civic Learning Week
Wednesday March 12, 2025 | 6:00 PM Eastern Time
Learn how to facilitate respectful dialogue across political and social divides using Mismatch, our platform for connecting students with diverse viewpoints.
Practical, engaging webinars designed to transform how you approach current events and facilitate productive classroom discussions.
The Art of Discussion - Civic Learning Week
Wednesday March 12, 2025 | 6:00 PM Eastern Time
Learn how to facilitate respectful dialogue across political and social divides using Mismatch, our platform for connecting students with diverse viewpoints.
See How AllSides Rates Other Media Outlets
We have rated the bias of nearly 600 outlets and writers!
See some of the most popular below:
Want to see more?
Check out the AllSides Media Bias Chart, or go to our Media Bias Ratings page to see everything.
See How AllSides Rates Other Media Outlets
We have rated the bias of nearly 600 outlets and writers!
See some of the most popular below:
Want to see more?
Check out the AllSides Media Bias Chart, or go to our Media Bias Ratings page to see everything.
See How AllSides Rates Other Media Outlets
We have rated the bias of nearly 600 outlets and writers!
See some of the most popular below:
Want to see more?
Check out the AllSides Media Bias Chart, or go to our Media Bias Ratings page to see everything.
Support AllSides
Please consider becoming a sustaining member or making a one-time donation to help keep AllSides online.
Support AllSides
Please consider becoming a sustaining member or making a one-time donation to help keep AllSides online.
Support AllSides
Please consider becoming a sustaining member or making a one-time donation to help keep AllSides online.
President Joe Biden is on track to sign the Inflation Reduction Act into law next week, which includes several provisions that empower Medicare to negotiate drug prices with pharmaceutical companies.
The pharmaceutical industry, which spent over $142 million on lobbying efforts to combat the Democrats' legislation, will be required to cap out-of-pocket prescription costs for seniors and people with disabilities enrolled in Medicare at $2,000 a year. The U.S. Department of Health and Human Services (HHS) will also begin negotiating prices for the top 10 medications by total Medicare expenditures in 2026, rising to 20 in 2029.
Other key revisions include removing co-pay costs for vaccines and restricting drug price increases to the rate of inflation. Pharmaceutical companies that don't comply with the new drug pricing measures will be subject to a 95% sales tax.
Outlets across the spectrum noted that the Inflation Reduction Act represents a "rare" defeat for the pharmaceutical industry. Some reports highlighted how Biden's reconciliation bill wouldn't cover the insulin co-pay cap for the seven million patients with private insurance.