The drugs selected to undergo negotiations are:
- Eliquis, a blood thinner
- Xarelto, a blood thinner
- Januvia, a diabetes drug
- Jardiance, a diabetes drug
- Enbrel, a rheumatoid arthritis drug
- Imbruvica, a drug for blood cancers
- Farxiga, a drug for diabetes, heart failure and chronic kidney disease
- Entresto, a heart failure drug
- Stelara, a drug for psoriasis and Crohn’s disease
- Fiasp and NovoLog, for diabetes
(via NBC)
There are a lot of comments in here pointing out how those are older people medication. I’m 33 and I’ll be on eliquis for the rest of my life. Without good insurance it’s over 600 bucks a month. This is phenomenal news for my future, and for my safety. While the vast majority is medications will impact the over 65 category, there are a lot of us who are still taking these too.
And until you are 70ish+ to take Medicare they will be milking every last dime from you they can,
This is great for those over 65. It’s a start I’d like to see it happen for everybody. I’m sure even this tiny bit of progress will be fought tooth and nail by every f****** Republican. They’re just so goddamn f****** evil.
This is the best summary I could come up with:
Aug 29(Reuters) - The Biden administration on Tuesday released its list of 10 prescription medicines that will be subject to the first-ever price negotiations by the U.S. Medicare health program that covers 66 million people, with big-selling blood thinner Eliquis from Bristol Myers Squibb (BMY.N) and Pfizer (PFE.N) among them.
President Joe Biden’s signature Inflation Reduction Act (IRA), signed into law last year, allows the Medicare health program for Americans aged 65 and over to negotiate prices for some of its most costly drugs.
Wells Fargo analyst Mohit Bansal said the savings made from negotiations on Jardiance, Januvia, Farxiga and Insulin Aspart, which cost the agency about $16.5 billion, could potentially free up Medicare’s budget and make it easier to cover diabetes or obesity drugs.
Drugmakers whose medicines were targeted on the list, including Novartis, Eli Lilly and Merck said they believed the price-setting provisions would stifle innovation in the sector and impact quality of care.
Bristol Myers CEO Giovanni Caforio said in an interview the inclusion of Eliquis would not impact its long-term strategy, particularly as the drug loses patent exclusivity in 2028, two years after the negotiated prices would take effect.
BMO Capital Markets analyst Evan Seigerman said that while the list includes many big revenue generators for drug companies, many of them will face competition shortly after or even before 2026 which was expected to lessen their profitability.
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