Senate Finance Democrats Focus on Drug Pricing Ahead of Midterms
On February 4, 2026, Senate Finance Democrats put a spotlight on rising drug costs ahead of the midterms, pushing reforms aimed at lowering prescription prices and increasing transparency, while President Trump prepared to launch a new website, TrumpRx, allowing Americans to buy medicines directly from manufacturers at discounted rates.
Medicare Opens Drug Price Negotiation Period
On February 1, drugmakers received initial offers for how much Medicare is willing to pay for their medicines, kicking off drug price negotiations for the first time. Companies have one month to counteroffer.
Medicare to Release Drug Price Negotiation List, Drug Giants Respond
The Biden administration is preparing to announce the first 10 medicines it will target under a program that allows the government to negotiate drug prices with pharmaceutical giants.