Medicare negotiation could save businesses $195 billion and workers another $98 billion
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20 May 2021Medicare negotiation could save businesses $195 billion and workers another $98 billion
As Congress considers legislation to reform prescription drug pricing, a new analysis conducted by the West Health Policy Center and released by its Council for Informed Drug Spending Analysis (CIDSA) estimates that the Elijah E. Cummings Lower Drug Costs Now Act (H.R. 3) could result in hundreds of billions of dollars in lower commercial health insurance costs by 2030.These savings would come from a $195 billion reduction in employer costs and $98 billion in savings for workers.
