14.5.4: Part D
Prescription drugs are covered under Part D, which can also be provided by a Medicare Advantage plan (Part C). As part of the Inflation Reduction Act signed into law by President Joseph Biden in 2022, Medicare will begin negotiating prescription drug costs which will take effect in 2026. The first 10 drugs that were chosen for negotiation are used to treat common, chronic diseases like diabetes and cardiovascular diseases (Centers for Medicare & Medicaid Services, 2024).