Biden administration says Medicare negotiated price discounts on 10 prescription drugs
08/16/24 at 03:00 AM
Biden administration says Medicare negotiated price discounts on 10 prescription drugs
USA Today; by Ken Alltucker; 8/15/24
... The Biden administration announced Thursday that Medicare had negotiated discounts with pharmaceutical companies on 10 drugs prescribed to treat blood clots, cancer, heart disease and diabetes. The drugs are Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica, Stelara, and the insulins Fiasp and NovoLog. The discounts will range from 38% to 79% when the negotiated prices take effect in 2026. The bargaining will save Medicare $6 billion when the price cuts are implemented in two years, according to U.S. Department of Health and Human Services estimates.