The new law makes the most consequential changes to Medicare in almost two decades. It includes several watershed health care provisions that lower prescription drug prices and out-of-pocket costs for millions of Americans and could potentially benefit nearly every Medicare recipient.
“The majority of Medicare beneficiaries will receive better coverage under this legislation,” Mary Johnson, a Social Security policy analyst for The Senior Citizens League, told Yahoo Money.
Negotiating prices for high-priced drugs
An estimated 5-7 million Medicare beneficiaries could see their prescription drug costs decrease because of the provision allowing Medicare to…