The Centers for Medicare and Medicaid Services (CMS) early Tuesday announced the first 10 drugs chosen for Medicare price negotiation under the Inflation Reduction Act (IRA).

These single-source drugs were chosen based on their eligibility under the IRA and are the “highest total Part D gross covered prescription drug costs” under Medicare Part D, according to the CMS. In total, these medications account for $50.5 billion in total gross Part D costs.

Negotiations over these drugs, if manufacturers agree to the process, will take place over 2023 and 2024. Drugmakers have until Oct. 1 to sign agreements.

  • MicroWave@lemmy.worldOP
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    1 year ago

    Here’s a better formatted list from another article:

    • Eliquis, made by Bristol-Myers Squibb, is used to prevent blood clotting to reduce the risk of stroke.
    • Jardiance, made by Boehringer Ingelheim, is used to lower blood sugar for people with type 2 diabetes.
    • Xarelto, made by Johnson & Johnson, is used to prevent blood clotting to reduce the risk of stroke.
    • Januvia, made by Merck, is used to lower blood sugar for people with type 2 diabetes.
    • Farxiga, made by AstraZeneca, is used to treat type 2 diabetes.
    • Entresto, made by Novartis, is used to treat certain types of heart failure.
    • Enbrel, made by Amgen, is used to treat rheumatoid arthritis.
    • Imbruvica, made by AbbVie, is used to treat different types of blood cancers.
    • Stelara, made by Janssen, is used to treat Crohn’s disease.
    • Fiasp and NovoLog, insulins made by Novo Nordisk.

    Source: https://www.cnbc.com/2023/08/29/10-drugs-to-face-medicare-price-negotiations-see-the-list.html