A Major Overhaul of Prescription Drug Prices

A year ago, Congress overhauled how drugs for older Americans are paid for, giving Medicare the power to bargain with drug makers over prices. It’s the biggest change to health care for more than a decade, and this week, the Biden administration began to implement it.

Sheryl Gay Stolberg, who covers health policy for The Times, discusses the decades of struggle behind the change and Rebecca Robbins, who covers the pharmaceutical industry, explains its potential to reshape the business of drugs in America.