2024 Is the Year of Medicare Drug Price Negotiations

This year, the US will negotiate prices with drug makers. — This year, the US will negotiate prices with drug makers.
Photographer: George Frey/Getty Images North America

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January 10, 2024 at 11:00 AM UTC

Hi, it’s John in New York. This year the US will do something it’s never done before — negotiate drug prices in Medicare. More on that below, but first today’s news.

The US is set to take a historic step in 2024: Medicare, one of the largest buyers of drugs on the planet, will negotiate the prices it pays for some of them.