Full List of Prescription Drug Prices Being Cut by Medicare

The Centers for Medicare & Medicaid Services (CMS) has announced sweeping price cuts for 15 widely used prescription drugs that treat chronic diseases , including cancer, diabetes , and asthma .

Why It Matters

These cuts, amounting to a net savings of $12 billion from last year's Medicare spending , come as the cost of prescription medications remains a significant concern for millions of Americans, especially seniors.

With these reductions, both beneficiaries and the Medicare program are expected to gain substantial financial relief , making vital medications more affordable and supporting Medicare’s long-term sustainability.

What To Know

On November 25, the CMS announced that new negotiated Maximum Fair Prices (MFPs) for 15 drugs will take effect on January 1, 20