Medicare Cuts Prices for Dozens of Drugs

Treatments for osteoporosis, cancer, and infections are among the drugs with lower costs.

Medicare and Medicaid administrator Chiquita Brooks-LaSure in Washington, on April 13, 2022. Brendan Smialowski/AFP via Getty Images

Seniors on Medicare will pay less for dozens of drugs in the near future, the federal government announced on June 26.

The cost of 64 drugs available through Medicare Part B will be lower starting July 1 under a provision of the Inflation Reduction Act. The reduced prices will be in place until at least Sept. 30.