Biden Administration Set to Announce First Round of Drugs to Be Eligible for Medicare Negotiation by September 1
In the coming days, the Biden administration is set to announce the first round of drugs eligible for lower prices under the Medicare Drug Negotiation Program created by the Inflation Reduction Act. Ahead of the drug announcement, Protect Our Care is highlighting drugs that will likely be eligible for negotiation.
Today’s focus is Johnson & Johnson’s Xarelto, which is a blood thinner that could qualify for negotiation. Xarelto costs patients an average of $6,240 annually, an unthinkable sum for seniors with limited means or on fixed incomes. Meanwhile, Johnson & Johnson has been raking in billions of dollars on the sale of this drug alone, increasing its price by 126 percent since 2012. Read more about Xarelto and other drugs that could qualify for lower prices under the Inflation Reduction Act here.