The Center for Medicare and Medicaid Services announced it will lower costs of 10 common prescription drugs including Eliquis, Entresto and more. It’s the first time Medicare has been able to bargain with drug manufacturers for cheaper prices and could ease the burden for millions of Americans. NBC’s Brian Cheung joins TODAY.

Medicare lowers prices on 10 common prescription drugs

The negotiated prices range from 38% to 79% discounts off of list prices, according to the Department of Health and Human Services. The U.S. Department of Health and Human Services this morning released the prices for the first 10 drugs that have been negotiated for Medicare Part D. The new prices will go into effect beginning January 1, 2026. (Table below)

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The savings range from 79 percent for Januvia, a drug to treat diabetes, to 38 percent for Imbruvica, which is used to treat blood cancers.

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Medicare patients could save $1.5 billion on 10 prescription drugs. The U.S. Department of Health and Human Services (HHS) announced Thursday the lowered prices of the first 10 prescription drugs that underwent Medicare negotiations. Suggested Reading. People that have Medicare prescription coverage are expected to save $1.5 billion in out-of-pocket...

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(Reuters) - The Biden administration selected 10 prescription medicines for unprecedented price negotiations by the Medicare health program for older Americans that covers 66 million people.

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Major pharmaceutical companies lashed out following a landmark deal unveiled Thursday to cut the costs of 10 key medicines, with some saying the price-setting process was not transparent. Novartis, whose heart failure treatment Entresto is among the 10 selected medicines, pushed back against the price-setting process as "not objective or transparent."

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Nadine Yousif & Ana Faguy in Upper Marlboro, Maryland. President Joe Biden has said he wants to stop handing drug companies a "blank cheque", after the government announced a deal to significantly cut the cost of 10 common prescription drugs for millions of Americans. The price cuts of between 38%...

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The Biden administration said Medicare negotiated discounts with pharmaceutical companies on 10 drugs prescribed to treat cancer and heart disease.

Biden administration says Medicare negotiated price discounts on 10 prescription drugs

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Medications for diabetes, heart failure, arthritis, psoriasis, chronic kidney disease, and Crohn's are on the list, saving people with Medicare Part D coverage $1.5 billion.

Your Prescriptions May Soon Get Cheaper

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The Centers for Medicare and Medicaid Services (CMS) released the final prices of the first 10 drugs selected for negotiation under the Inflation Reduction Act (IRA) on Thursday morning. Discounts achieved by CMS for the Medicare-negotiated prices compared to the 2023 list prices range from 79% for Merck’s diabetes medication...

CMS unveils final prices of first 10 drugs negotiated by Medicare under IRA

NewsBreak

Medicare drug price negotiations: 10 list prices drop between 38% to 79%

In the first round of direct price negotiations between Medicare and drug manufacturers, prices for 10 expensive and commonly used drugs saw price cuts between 38...

Medicare drug price negotiations: 10 list prices drop between 38% to 79%

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