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Ozempic and similar drugs are in high demand, and as Medicare begins to cover the drugs for other FDA-approved uses, such as heart disease risk, the cost to taxpayers is expected to increase ...
Ozempic is approved by the U.S. Food and Drug Administration to treat Type 2 diabetes, but some doctors prescribe the medication "off-label" for weight loss, as is permissible by the FDA.
The deliberations, as mandated by the Inflation Reduction Act of 2022, are meant to help people on Medicare afford their medications by allowing the government program to directly haggle over ...
Medicare will seek to negotiate lower list prices for the blockbuster diabetes and weight loss drugs Ozempic and Wegovy and 14 other medications, a cost-saving move that would take effect in 2027.
The Medicare drug price negotiation program — that allows the federal health insurance program for people age 65 or older to negotiate the price of certain drugs with the companies that make ...
The price negotiations for the additional 15 drugs selected will be handled by the incoming Trump administration and, if deals are reached, almost assure billions of dollars in savings for taxpayers.