The Inflation Reduction Act finally allows the government to negotiate lower drug prices with Big Pharma.
Allow the government to negotiate lower prescription drug prices with pharmaceutical companies.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
CMS states that on January 1, 2026, negotiated maximum fair prices under the Medicare Drug Price Negotiation Program went into effect, with the Medicare Transaction Facilitator operating to support manufacturer effectuation.
legacy_unverified · Source version not recorded · locator unknown
Casten said he was proud to have voted for the Inflation Reduction Act; his office said the law allows the government to negotiate lower drug prices with Big Pharma.
Assessments
The Inflation Reduction Act created Medicare authority to negotiate prescription drug prices, and Casten was in federal office and voted for the enacted law. CMS implementation confirms negotiated maximum fair prices went into effect on January 1, 2026, so the promised federal outcome was delivered. Because this occurred after the initial campaign-term window but through legislation Casten supported as a member of Congress, credit is full delivery with later_term timing.