By McKay Moravick
The Biden administration has announced a significant breakthrough for Medicare beneficiaries: negotiated price discounts on 10 widely prescribed drugs, including those used to treat cancer, heart disease, and diabetes. In 2026, millions of older Americans enrolled in Medicare can expect substantial savings on these essential medications.
Key Drugs and Savings
The discounted drugs include some of the most commonly prescribed treatments for serious health conditions:
- Eliquis (Blood Clots): Price reduced from $521 to $231 for a 30-day supply.
- Jardiance (Diabetes): Price reduced from $570 to $224.
- Xarelto (Blood Clots): Price reduced from $497 to $234.
- Januvia (Diabetes): Price reduced from $527 to $113.
- Farxiga (Diabetes): Price reduced from $589 to $236.
- Entresto (Heart Failure): Price reduced from $615 to $258.
- Enbrel (Arthritis): Price reduced from $6,500 to $2,730.
- Imbruvica (Cancer): Price reduced from $15,000 to $6,600.
- Stelara (Crohn’s Disease): Price reduced from $12,000 to $3,600.
- Fiasp and NovoLog (Insulin): Prices reduced by up to 70%.
These price cuts, ranging from 38% to 79%, reflect the administration’s efforts to make essential medications more affordable. The Department of Health and Human Services (HHS) estimates that these negotiations will save Medicare $6 billion over the next few years, translating into $1.5 billion in out-of-pocket savings for enrollees.
Impact on Medicare Beneficiaries
For the millions of older Americans who rely on these medications, these price reductions will provide much-needed financial relief. Lower drug costs will ease the burden of managing chronic conditions, allowing beneficiaries to better afford their prescribed treatments without compromising their health or financial stability.
What This Means for You
At Boettcher Insurance Agency, we’re committed to helping you navigate these changes to Medicare and understand how they impact your healthcare costs. Whether you’re already enrolled in Medicare or preparing for it in the near future, we can guide you through your options to ensure you get the most out of your benefits.
Contact us today to learn how these new developments could affect your coverage and how we can assist you in optimizing your healthcare plan for the best possible savings.
