Medicare Drug Price Negotiations Edge Closer to Beginning

The Biden administration announced which drugs that will be part of its price negotiations for patients on Medicare. Jonathan Cohn, senior national reporter at HuffPost, lecturer at the University of Michigan's Gerald R. Ford School of Public Policy and the author of The Ten Year War: Obamacare and the Unfinished Crusade for Universal Coverage (St. Martin's Press, 2021), talks about how it will work, how it will affect out-of-pocket costs for patients and what could go wrong.