Prices on 10 Common Medications Will Go Down in 2026 After First Round of Medicare Negotiations
The Biden administration has announced patients will pay lower prices on 10 high-cost and common prescription drugs, including blood thinners and arthritis medication, the result of the first round of Medicare negotiations. The new costs range from 38% to 79% lower than the current list price but won’t go into effect until 2026. Medicare would have saved $6 billion if the new prices had already been in effect last year. On Thursday, President Biden and Vice President Kamala Harris touted the landmark deal as they appeared on stage in Maryland for their first joint event since Biden withdrew from the presidential race.
