EXPLAINER: Lower prescription prices to take time in new law
August 28, 2022
WASHINGTON (AP) — After decades of failed attempts, Democrats passed legislation that aims to rein in the soaring costs of drugs for some in the United States.
It will take years for people to realize some of the most significant savings promised in the climate and health care bill that President Joe Biden signed this month.
The bill mostly helps the roughly 49 million people who sign up for Medicare's drug coverage. But many will be left out from direct savings after lawmakers stripped cost-savings measures for a majority of those covered by private health insurance.
A look at how some m...