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PBS NewsHour
Here's a list of drugs affected by Biden's latest Medicare pharmaceutical price cuts
By Associated Press,
5 hours ago
Boxes of the drug NovoLog, made by Novo Nordisk Pharmaceutical, sit on a counter at a pharmacy in Provo, Utah, in 2020. Photo by George Frey/ Reuters
The Biden administration says Medicare recipients will save about $1.5 billion on out-of-pocket costs for medications to treat diabetes, heart disease, types of arthritis and other ailments under new prices negotiated with drug companies that will take effect in 2026.
The savings range from 79 percent for Januvia, used to manage diabetes, to 38 percent for Imbruvica, which is used to treat blood cancers. That is the medication’s cost before any discounts or rebates are applied, but not what the price people actually pay when filling their prescriptions.
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