What to Expect When Medicare and Pharma Finally Negotiate Drug Prices

<p>The Inflation Reduction Act gave Medicare historic new power to directly negotiate the prices of some of the costliest prescription drugs. Now the federal agency must grapple with a difficult question: What makes a drug price fair?</p><p>This week, we explain how this negotiation process will work and the impact it could have.</p><br><p><strong>Guests:</strong></p><p><a href="https://pharmacy.utexas.edu/directory/anton-avancena" rel="noopener noreferrer" target="_blank">Anton Avanceña</a>, PhD, Assistant Professor of Health Outcomes, University of Texas&nbsp;</p><p><a href="https://priceschool.usc.edu/people/darius-lakdawalla/" rel="noopener noreferrer" target="_blank">Darius Lakdawalla</a>, PhD, Professor of Pharmaceutical Economics and Public Policy, University of Southern California&nbsp;</p><p><a href="https://www.linkedin.com/in/lauren-neves-a07816b/" rel="noopener noreferrer" target="_blank">Lauren Neves</a>, JD, Deputy Vice President, PhRMA</p><p><a href="https://icer.org/who-we-are/people/leadership-staff/steven-d-pearson-md-msc-frcp/" rel="noopener noreferrer" target="_blank">Steve Pearson</a>, MD, MSc, Founder and President, Institute for Clinical and Economic Review (ICER)</p><p><a href="https://www.portalresearch.org/benjamin-rome.html" rel="noopener noreferrer" target="_blank">Ben Rome</a>, MD, MPH, physician and researcher, Harvard Medical School</p><p><a href="https://www.cms.gov/about-cms/leadership/center-medicare#biography-0" rel="noopener noreferrer" target="_blank">Meena Seshamani</a>, MD, PhD, Deputy Administrator, Centers for Medicare and Medicaid Services</p><p><a href="https://tradeoffs.org/about-us/" rel="noopener noreferrer" target="_blank">Leslie Walker</a>, Senior Producer/Reporter, Tradeoffs</p><br><p>Learn more and read a full transcript on <a href="https://tradeoffs.org/2023/07/27/medicare-drug-price-negotiation" rel="noopener noreferrer" target="_blank">our website</a>.</p><br><p>Want more Tradeoffs? Sign up for our free <a href="https://tradeoffs.us3.list-manage.com/subscribe?u