Drug prices

The Inflation Reduction Act (IRA) of 2022 is the landmark law limiting Medicare drug costs. Key 2026 provisions include a $2,100 annual out-of-pocket cap on Part D drugs, Medicare-negotiated prices for the first 10 selected drugs taking effect, a $35 monthly cap on insulin, and free recommended adult vaccines. Trump’s attempt to lower drug prices using Trump RX has not succeeded. Unlike other RX plans which use generic drugs this plan targeted brand names.