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Diabetes and weight loss drugs Ozempic and Wegovy have been added to the list of medications selected for Medicare price negotiations, federal health officials announced Friday. The negotiations ...
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 15 drugs accounted for $41 billion, or 14%, of total Medicare Part D spending between Nov. 1, 2023, and Oct. 1, 2024.
Medications like Wegovy are known as GLP-1 agonists, and many of these drugs were initially prescribed to help manage Type 2 diabetes but have since gained popularity to help patients manage weight.
The Medicare Modernization Act of 2003 forbids Medicare from covering weight loss medications. Due to this law, Medicare can cover Wegovy only for people who have received a diagnosis of ...
Medicare Part B covers situations in which Medicare will pay for a presurgical weight loss program. In these instances, a doctor must deem a weight loss program medically necessary and a Medicare ...
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