Last year started and ended with inflation as a high priority issue for Americans. An example of this remains the high cost of drugs. Last month, the Biden Administration identified 48 Medicare Part B drugs having risen in price faster than inflation, and some drug companies raised prices of certain medications faster than inflation for every quarter of the past year.

"They're ripping off Medicare. They're ripping off the American people," President Biden said at the National Institute of Health. "We're going to save taxpayers money and discourage companies from raising prices in the first place."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.