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A year ago, Congress overhauled how drugs for older Americans are paid for, giving Medicare the power to bargain with drug makers over prices. It’s the biggest change to health care for more than a decade, and this week, the Biden administration began to implement it.
Sheryl Gay Stolberg, who covers health policy for The Times, discusses the decades of struggle behind the change and Rebecca Robbins, who covers the pharmaceutical industry, explains its potential to reshape the business of drugs in America.
On today’s episode
Sheryl Gay Stolberg, a Washington correspondent covering health policy for The New York Times.
Rebecca Robbins, a business reporter for The New York Times covering the pharmaceutical industry.
Background reading
The Biden administration announced a long-awaited list of the first 10 medicines that will be subject to price negotiations with Medicare.
Drugmakers are “throwing the kitchen sink” to halt Medicare price negotiations.
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We aim to make transcripts available the next workday after an episode’s publication. You can find them at the top of the page.
Sheryl Stolberg and Rebecca Robbins contributed reporting.
Face-checking by Susan Lee and Caitlin Love.
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