announced on Tuesday that they are working together to expand the federal government’s ability to negotiate drug prices directly with“There is no rational reason why Americans, for decades, have been forced to pay, by far, the highest prices in the world for the prescription drugs they need,” wrote Biden and Sanders, who is the chairman of the
The drugs selected for the 2023 negotiation cycle accounted for $50.5 billion in Medicare Part D spending between June 2022 and May 2023, according to the Centers for Medicare and Medicaid Services. That’s roughly 20% of the total gross Medicare Part D-covered prescription drug costs. Sanders and Biden explicitly blasted Novo Nordisk and Eli Lilly, makers of breakthrough weight loss drugs Wegovy and Zepbound, respectively.
If this were to pass, Wegovy and Zepbound could be made eligible for the Drug Price Negotiation Program.
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