Aug 15 (Reuters) - The U.S. government said on Thursday
it had negotiated down the prices of 10-top selling prescription
drugs by as much as 79% for the Medicare health program for
older Americans, ending months of unprecedented discussions with
drugmakers.
The U.S. government expects to save $6 billion in the first
year from the new prices negotiated through provisions of the
Inflation Reduction Act that allow Medicare for the most costly
drugs that the program covers for 66 million people.
Here are some reactions to the price cuts:
U.S. PRESIDENT JOE BIDEN:
"We showed that major progress can be made for the American
people when we work together to take on special interests, even
as Big Pharma continues to go to court to try to block lower
prices for consumers."
"But the Vice President and I are not backing down. We will
continue the fight to make sure all Americans can pay less for
prescription drugs and to give more breathing room for American
families."
VICE PRESIDENT KAMALA HARRIS:
"Today's announcement will be lifechanging for so many of
our loved ones across the nation, and we are not stopping here."
"Additional prescription drugs will be selected each year as
part of our Medicare drug price negotiation program."
XAVIER BECERRA, U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES
SECRETARY:
"Americans pay too much for their prescription drugs. That
makes today's announcement historic. For the first time ever,
Medicare negotiated directly with drug companies and the
American people are better off for it."
ABBVIE ( ABBV ):
"We can confirm the price that was set for (leukaemia
treatment) Imbruvica is within the range that we had
anticipated," the company said in a statement.
"The price setting provision of the Inflation Reduction Act
does nothing to benefit patients and will only harm the
scientific innovation that makes the development of
life-changing treatments possible."
NOVO NORDISK:
"We remain opposed to government price setting through the
IRA and have serious concerns about how the law is being
implemented, including aggregating multiple products that
individually would not meet the requirements of the statute,"
the company said in a statement.
"However, even as our IRA lawsuit progresses, Novo Nordisk
will ensure the MFP (maximum fair prices) is made available to
Medicare beneficiaries and entities that dispense to such
individuals by January 2026 as required by statute."
BRISTOL MYERS SQUIBB ( BMY ):
The negotiated price for blood-thinner Eliquis "does not
reflect the substantial clinical and economic value of this
essential medicine," the company said in a statement.
"Insurance plans and their pharmacy benefit managers are
ultimately responsible for what patients will pay for Eliquis."
"The IRA does not protect patients from potential increases
to their cost sharing or restrictions in access to Eliquis once
the MFP goes into effect in January 2026."
ASTRAZENECA ( AZN ):
"AstraZeneca ( AZN ) believes that everyone who needs our medicines
should have access to them, which is compromised for Medicare
and Medicaid patients if a manufacturer refuses to accept" the
prices, the company said in a statement.
"For this reason, AstraZeneca ( AZN ) has accepted the MFP for
(diabetes drug) Farxiga"
JOHNSON & JOHNSON ( JNJ ):
"The reality of the IRA's government price setting for U.S.
patients will be higher costs, and as seen in other countries
with government dictated prices, restricted access and fewer
medicines," the company said in a statement.
NOVARTIS:
"We acceded to a "maximum fair price" for (heart failure
drug) Entresto for 2026 only to avoid other untenable options
including catastrophic fines or the removal of all our products
from both Medicare and Medicaid," the company said in a
statement.