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Diabetes and weight loss drugs Ozempic and Wegovy have been added to the list of medications selected for Medicare price negotiations, federal health officials announced Friday. The negotiations ...
The 15 drugs accounted for $41 billion, or 14%, of total Medicare Part D spending between Nov. 1, 2023, and Oct. 1, 2024.
Medicare will seek to negotiate lower list prices for the blockbuster diabetes and weight loss drugs Ozempic and Wegovy and 14 other medications, a cost-saving move that would take effect in 2027.
Ozempic is approved by the U.S. Food and Drug Administration to treat Type 2 diabetes, but some doctors prescribe the medication "off-label" for weight loss, as is permissible by the FDA.
The list price for Mounjaro is $1,069.08 per month. In pharmacies and online, it can cost around $1,000 to $1,300 a month. Zepbound is FDA-approved for weight loss.
The selected drug list for the second cycle of negotiations is: Novo Nordisk's (NYSE:NVO) diabetes and weight loss drugs, Ozempic ... in agreements for price reductions on 10 drugs, with discounts ...
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