Trump administration proposes rule to cut Medicare drug prices by $1.1 billion

The average older adult with Medicare Part B coverage who is administered one of these drugs would save $800 a year in co-payments.

Bottles of medications sit on shelves at the Stormont Vail Retail Pharmacy in Topeka, Kan., Tuesday, June 2, 2026. [Photo: AP Photo/John Hanna]

The Trump administration is proposing a new rule on Thursday to keep hospitals from charging markups on discounted drugs for Medicare patients and says that could save consumers $1.1 billion next year, according to estimates obtained by The Associated Press.

The........

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