By The newspaper
Aug 29, 2023, 08:53 AM EDT
The government of President Joe Biden released the list of the first 10 drugs that will drop in price, an achievement under the Inflation Reduction Act.
“For the next 4 years, Medicare will negotiate prices for up to 60 drugs covered by Medicare Parts D and B, and up to 20 drugs annually,” confirmed the Department of Health and Human Services (HHS).
The first drugs that the Medicare system will negotiate are:
– Eliquis, used to prevent blood clots.
– Jardiance, which is against diabetes and heart failure.
– Xareltom, prescribed for the prevention and treatment of blood clots, as well as risk reduction for patients with coronary or peripheral arterial disease.
– Januvia, which is against diabetes.
– Farxiga, which helps against diabetes, heart failure and chronic kidney disease.
– Entresto, prescribed against heart failure.
– Enbrel, which is against rheumatoid arthritis; psoriasis, and psoriatic arthritis.
– Imbruvica, which supports against blood cancers.
– Stelara, prescribed against psoriatic arthritis, Crohn’s disease and ulcerative colitis.
– Fiasp, Fiasp FlexTouch, Fiasp PenFill, NovoLog, NovoLog FlexPen and NovoLog PenFill, which helps against diabetes.
With the Inflation Reduction Act, he has helped bring the cost of insulin down to $35.
President Biden welcomed the negotiations to reduce drug costs and criticized the “record profits” that pharmaceutical companies obtain, while families face difficulties in paying the costs of their health treatments.
He added that the selected drugs are among the most common and expensive.
“Negotiated drug prices will drop for up to 9 million seniors,” Biden celebrated. “These seniors currently pay up to $6,497 in out-of-pocket costs per year for these prescriptions.”
The president assured that negotiations will continue to include more medicines annually.
“There is no reason why Americans should be forced to pay more than any developed nation for life-saving prescriptions just to line the pockets of Big Pharma,” he said.
Keep reading:
• This is why Johnson & Johnson sued the Joe Biden government
• To protect vulnerable patients, fix Medicare drug price reforms
• Biden signs the Inflation Reduction Act after being approved by the House of Representatives