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The list price of Merck's diabetes drug Januvia will be slashed to $113 for a 30-day supply from $527 as of 2023. Eliquis, a blood thinner from Bristol Myers Squibb and Pfizer, will cost $231 for ...
The Biden administration selected 10 prescription medicines for unprecedented price negotiations by the Medicare health program for older Americans that covers 66 million people. Blood thinner ...
The latest data available shows that in 2022, annual drug price increases reached 15.2%, compared to 11% the prior year, but net prices dropped by 9% for the fifth consecutive year.
One of the following programs is the 340B pricing program that allows hospitals and pharmacists to buy drugs at 30–50% off the retail prices. [71] Per HRSA's 340B Drug Pricing Program , drug manufacturers are required to give certain organizations discounted drugs given these organizations fit the eligibility criteria for discounts. [ 72 ]
One month after passage, the administration estimated that the net cost of the program over the period between 2006 (the first year the program started paying benefits) and 2015 would be $534 billion. [19] As of February 2009, the projected net cost of the program over the 2006 to 2015 period was $549.2 billion. [20]
Another 30 drugs will be selected over the next two years, with negotiated prices to be rolled out in 2027 and 2028. This story was originally featured on Fortune.com Show comments