17 January 2025 - List of drugs account for $41 billion in annual Medicare spending, Biden administration says.
The US Government named 15 drugs that will be subject to the second round of price negotiations by Medicare, including Ozempic and Wegovy, the drugs at the centre of the weight loss craze.
The Biden administration said the drugs account for $41 billion in annual Medicare spending, and that price negotiations could result in significant savings. US health officials selected the drugs because they account for high Medicare spending due to widespread use or high price tags.