Create the national formulary & negotiate drug prices

Months 0–18 for the initial formulary; continuous negotiation · National Formulary and Pricing Board; HTA InstituteDiscuss this step

Medicare Drug Price Negotiation (IRA)

expandedYears 1–3Drugs & devices

Today

Up to 15–20 drugs a year negotiated for Medicare only.

Under the plan

Expanded to every drug and every patient through the National Formulary and Pricing Board.

Trade-off

Large savings; lower innovation incentive.