A new Centers for Medicare & Medicaid Services (CMS) fact sheet outlines key Inflation Reduction Act (IRA) Medicare changes and effective dates.
Key prescription drug affordability highlights include:
CMS also explains the IRA’s Part D structural changes:
And the initial Medicare negotiation implementation timeline:
In subsequent years, CMS will continue negotiating prices, which will take effect two years later:
View the CMS timeline and frequently asked questions about these changes.
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