Inflation Reduction Act 2024 Medicare. As a result of president biden’s historic prescription drug law, the inflation reduction act, drug companies will pay rebates to medicare when prices of certain. In 2024, on average, a medicare beneficiary has approximately 60 plan choices between part d prescription drug plans (pdps) and medicare advantage drug plans (ma.

Already, the inflation reduction act is transforming american lives by finally beating big pharma to negotiate lower prescription drug prices, making the largest investment. Ira provisions focused on reducing drug costs.