The list of 10 Part D drugs targeted

A blood thinner, diabetes treatments and drugs used to treat autoimmune disease and heart failure are on the list of 10 drugs that the Centers for Medicare & Medicaid Services has targeted for price negotiations to cut Medicare costs.

In a statement, the government said the list of 10 drugs represented more than $50 billion, or about 20%, of Part D gross covered prescription drug costs between June 1, 2022 and May 31, 2023. That’s the period used to decide which drugs were eligible for negotiation.

RELATED: Biden targets diabetes drug Jardiance, blood thinner Eliquis and 8 others for Medicare price talks

The next step is for the government to negotiate prices for the 10 drugs with their manufacturers, in an effort to reduce prices for patients. The program already faces lawsuits from drugmakers and criticism from Republican lawmakers. It’s also a centerpiece of Demcrat Joe Biden’s reelection pitch as he seeks a second term in office by touting his work to lower costs for Americans at a time when the country has struggled with inflation.

The selected drugs for the first round of negotiation are:

  • Eliquis
  • Jardiance
  • Xarelto
  • Januvia
  • Farxiga
  • Entresto
  • Enbrel
  • Imbruvica
  • Stelara
  • Fiasp; Fiasp FlexTouch; Fiasp PenFill; NovoLog; NovoLog FlexPen; NovoLog PenFill

The Centers for Medicare & Medicaid Services will publish any agreed-upon negotiated prices for the selected drugs by September 1, 2024 and the new pricing will take effect in January 1, 2026. In future years, CMS will select for negotiation up to 15 more drugs covered under Part D for 2027, up to 15 more drugs for 2028 (including drugs covered under Part B and Part D), and up to 20 more drugs for each year after that, as outlined in the Inflation Reduction Act.

The Associated Press contributed to this report

Source link

𝗖𝗿𝗲𝗱𝗶𝘁𝘀, 𝗖𝗼𝗽𝘆𝗿𝗶𝗴𝗵𝘁 & 𝗖𝗼𝘂𝗿𝘁𝗲𝘀𝘆:
𝗙𝗼𝗿 𝗮𝗻𝘆 𝗰𝗼𝗺𝗽𝗹𝗮𝗶𝗻𝘁𝘀 𝗿𝗲𝗴𝗮𝗿𝗱𝗶𝗻𝗴 𝗗𝗠𝗖𝗔,
𝗣𝗹𝗲𝗮𝘀𝗲 𝘀𝗲𝗻𝗱 𝘂𝘀 𝗮𝗻 𝗲𝗺𝗮𝗶𝗹 𝗮𝘁

Similar Posts