The Medicare drug price negotiation program — that allows the federal health insurance program for people age 65 or older to negotiate the price of certain drugs with the companies that make ...

The new prices, effective January 2026, are expected to save $6 billion in prescription drug costs annually and ... drugs for the third cycle and 20 more in subsequent cycles.

Boxes of the diabetes drug Ozempic rest on a pharmacy counter on April 17, 2023 in Los Angeles, California.

Now the two medications are among drugs, like weight-loss medications Ozempic and Wegovy, that are eligible for price negotiations under Medicare Part D, a drug insurance plan operated by the ...

and 20% of those under 65, report challenges in affording drugs, a senior administration official told reporters last year. "Last year we proved that negotiating for lower drug prices works.

Republicans have repeatedly criticized the negotiations program, likening it to price setting. While the drug selection process, deadlines and minimum discounts are largely specified in the law ...

The IRA's second phase targets price negotiations ... 65 years and older and 20% of those younger than 65 years having issues affording their medications, making the drug negotiations vital ...

The Biden administration released the list of 15 drugs on Friday in one of its final acts of healthcare policy before President-elect Donald Trump takes office on Jan. 20. Publication of the list ...