Biden to name first drugs for Medicare negotiations early next week

[brooklynite]

Politico

The Biden administration is expected to disclose early next week the first 10 prescription drugs selected for Medicare price negotiations, ahead of a White House event Tuesday to celebrate the milestone, four people involved in the plans told POLITICO.

The announcement will mark a major step in a bid to lower drug prices through the first-ever direct negotiations between Medicare and pharmaceutical manufacturers over a set of medicines.

Democrats granted Medicare those new powers more than a year ago, as part of the Inflation Reduction Act. The move fulfilled a decadeslong effort by party leaders to reduce Americans’ drug costs by giving the government authority to take a role in the prices that companies charge.

Biden health officials are expected to reveal the initial list before the stock market opens Tuesday morning, because the impact on publicly traded companies that make any drugs on the list could affect their stock prices during trading. The White House is then set to tout the program on Tuesday afternoon.

[dalton99a]

1. The first ten:

Eliquis
For treating: Prevention and treatment of blood clots
Manufacturer: Bristol-Myers Squibb and Pfizer

Jardiance
For treating: Diabetes; Heart failure
Manufacturer: Boehringer Ingelheim and Eli Lilly and Co.

Xarelto
For treating: Prevention and treatment of blood clots; Reduction of risk for patients with coronary or peripheral artery disease
Manufacturer: Janssen Pharmaceuticals

Januvia
For treating: Diabetes
Manufacturer: Merck

Farxiga
For treating: Diabetes; Heart failure; Chronic kidney disease
Manufacturer: AstraZeneca and Bristol-Myers Squibb

Entresto
For treating: Heart failure
Manufacturer: Novartis

Enbrel
For treating: Rheumatoid arthritis; Psoriasis; Psoriatic arthritis
Manufacturer: Immunex Corporation

Imbruvica
For treating: Blood cancers
Manufacturer: Pharmacyclics and Janssen Biotech

Stelara
For treating: Psoriasis; Psoriatic arthritis; Crohn’s disease; Ulcerative colitis
Manufacturer: Janssen Biotech

NovoLog
For treating: Diabetes
Manufacturer: Novo Nordisk

[tapper]

3. Farxiga

That’s one I’ll keep an eye on. Hopefully, any negotiated drug prices will stay constant, whether or not you are in the “donut hole”! My farxiga just went up by almost 450%!

[Wounded Bear]

2. It's about time...well past time actually...nt

[3catwoman3]

4. The Jardiance commercial is almost as annoying...

…as that gawd awful Kars for Kids abomination.