Lower Prices for 10 Medicare Drugs Now in Effect: What to Know

Lower prices will save taxpayers an estimated $6 billion and reduce out-of-pocket spending by about $1.5 billion, according to government estimates.

Medications are stored on shelves at a pharmacy in Los Angeles on May 12, 2025. Eric Thayer/Getty Images

Medicare beneficiaries will see discounts averaging 63 percent on 10 frequently prescribed medications starting this month because of the Medicare Drug Price Negotiation Program.

The program, authorized by the Affordable Care Act in 2022, made it possible for Medicare to negotiate with pharmaceutical companies for the first time.