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Healthcare

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Manufacturing

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Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000

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Nov 21, 2024

Nvidia is Wall Street's most valuable company. How it got there, by the numbers

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Nov 21, 2024

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Nov 20, 2024

Drugs to treat diabetes, heart disease and blood cancers among those affected by price negotiations

By The Associated Press - Aug 15, 2024, 04:42 PM ET

Last Updated - Aug 15, 2024, 04:42 PM EDT

The Biden administration says Medicare recipients will save about $1.5 billion dollars on medications to for diabetes, heart disease, types of arthritis and other ailments under new prices negotiated with drug companies that will take effect in 2026

The Biden administration says Medicare recipients will save about $1.5 billion on out-of-pocket costs for medications to treat diabetes, heart disease, types of arthritis and other ailments under new prices negotiated with drug companies that will take effect in 2026.

The savings range from 79% for Januvia, used to manage diabetes, to 38% for Imbruvica, which is used to treat blood cancers. That is the medication’s cost before any discounts or rebates are applied, but not what the price people actually pay when filling their prescriptions.

A look at the drugs and the negotiated prices.

Januvia