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How and when Americans will see Medicare’s drug price reductions
Straight Arrow News
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7 weeks ago
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00:00
The Trump administration is rolling out new price cuts for 15 medications covered by Medicare,
00:08
including some of the most popular weight loss drugs.
00:11
The discounts come through the Medicare Drug Price Negotiation Program,
00:15
a key piece of former President Biden's Inflation Reduction Act.
00:18
The Trump administration says the new prices will save taxpayers $12 billion
00:23
and cut out-of-pocket costs for Medicare enrollees by $685 million.
00:29
Under the plan, Ozempic and Wagovi, also used to treat type 2 diabetes,
00:33
would drop from $959 for a 30-day supply to $274.
00:39
The cuts also slash the cost of four cancer drugs by thousands of dollars each
00:43
and reduce prices for two other diabetes medications down to double-digit costs.
00:49
But these new prices won't kick in until 2027.
00:52
You can see the full list of affected drugs right now on our website, san.com.
00:58
The 28th Absolutely These
01:20
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