Consumer

Medicare announces price cuts for 15 costly prescription drugs

By NBC News, Dillon Fuhrman, Manoah Tuiasosopo

November 26, 2025 8:26 AM

Published November 26, 2025 8:51 AM

(NBC, KYMA) - The Centers for Medicare and Medicaid Services announced they are cutting prices for 15 high-priced prescription drugs.

This includes popular GLP-1's Ozempic and Wegovy as well as medications to asthma, cancer, diabetes and other diseases.

The lower prices stem from the medicare negotiation program created under the Biden Administration's Inflation Reduction Act, and will save 36% or on $8.5 billion those medications compared with recent annual spending.

This latest round of price negotiations will go into effect in 2027.

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NBC News

Dillon Fuhrman

If you have any story ideas, reach out to him at dillon.fuhrman@kecytv.com.

Manoah Tuiasosopo

Manoah Tuiasosopo joined the KYMA team as a videographer in February 2024. If you have story ideas, you can send them to his email at manoah.tuiasosopo@kecytv.com.

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