Medicare represents about 30% of the pharmaceutical market. That is a significant muscle to flex in the marketplace. What could that mean to the rest of the market? (Credit: wollertz/Adobe Stock) Medicare represents about 30% of the pharmaceutical market. That is a significant muscle to flex in the marketplace. What could that mean to the rest of the market? (Credit: wollertz/Adobe Stock)

On Aug. 16, 2022, President Biden signed HR 5376, dubbed the “Inflation Reduction Act,” into law. Among a host of things, the bill includes health care cost-reducing provisions that have been widely touted in the media as a win for health care consumers. These include:

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