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The Associated Press
Drugs to treat diabetes, heart disease and blood cancers among those affected by price negotiations
2 hours ago
President Joe Biden speaks at the White House Creator Economy Conference in the Indian Treaty Room at the Eisenhower Executive Office Building on the White House complex, Wednesday, Aug. 14, 2024, in Washington. (AP Photo/Mark Schiefelbein)
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% for Januvia, used to manage diabetes, to 38% 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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