Pharmaceutical drugmakers sometimes offer financial assistance for high-cost speciality drugs. But insurance companies aren't required to apply that assistance to a person's deductible or out-of-pocket maximum. A new Indiana law will soon change that for certain prescription drugs.

For the first time in its 58-year history, Medicare, the public health insurance program for seniors, will have the power to ask for price cuts from drugmakers thanks to the Inflation Reduction Act passed last year.

Lawmakers have introduced bills that aim to make prescription drugs more affordable, prevent medical billing errors that drive up costs, and prohibit non-compete agreements for physicians.