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HomeMedicare 2026AnswersWhich drugs have Medicare negotiated prices?

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Which drugs have Medicare negotiated prices?

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Short answer

Medicare's negotiated prices took effect January 1, 2026 for the first 10 Part D drugs, including Eliquis, Jardiance, Xarelto, Januvia, Farxiga and NovoLog and Fiasp insulin.

Negotiated prices for 15 more Part D drugs, including Ozempic, Rybelsus and Wegovy, take effect January 1, 2027, and CMS is negotiating a third group of 15 drugs in 2026, the first to include drugs covered under Part B, for prices that start in 2028.

What you pay at the pharmacy still depends on your plan's deductible, copays or coinsurance, and on the Part D out-of-pocket cap.

The Medicare Drug Price Negotiation Program
FactFigureSource
Created byThe Inflation Reduction Act of 2022CMS
First negotiated pricesJanuary 1, 2026: 10 Part D drugsCMS
Second roundJanuary 1, 2027: 15 Part D drugsCMS
Third roundNegotiated in 2026 for 2028: 15 drugs, including Part B drugsCMS
Applies inStand-alone Part D plans and Medicare Advantage plans with drug coverageCMS

What is Medicare drug price negotiation?

The Inflation Reduction Act of 2022 lets Medicare negotiate the price of some high-cost drugs that have been on the market for years without competition. The negotiated price (the law calls it the maximum fair price) applies when the drug is dispensed to someone with Medicare drug coverage, in stand-alone Part D plans and in Medicare Advantage plans with drug coverage.

Which drugs have negotiated prices in 2026?

Drugs with Medicare negotiated prices from January 1, 2026 (CMS)
DrugCommonly used for
EliquisBlood clots and stroke prevention
JardianceType 2 diabetes, heart failure, kidney disease
XareltoBlood clots and stroke prevention
JanuviaType 2 diabetes
FarxigaType 2 diabetes, heart failure, kidney disease
EntrestoHeart failure
EnbrelRheumatoid arthritis, psoriasis
ImbruvicaBlood cancers
StelaraPsoriasis, Crohn's disease
NovoLog / FiaspDiabetes (insulin)

Which drugs get negotiated prices in 2027?

Drugs with Medicare negotiated prices from January 1, 2027 (CMS)
DrugCommonly used for
Ozempic, Rybelsus, Wegovy (semaglutide)Type 2 diabetes; heart-risk reduction (Wegovy)
Trelegy ElliptaCOPD, asthma
XtandiProstate cancer
PomalystMultiple myeloma
IbranceBreast cancer
OfevPulmonary fibrosis
LinzessChronic constipation, IBS
CalquenceBlood cancers
Austedo, Austedo XRMovement disorders
Breo ElliptaCOPD, asthma
TradjentaType 2 diabetes
XifaxanIBS, liver disease
VraylarSchizophrenia, bipolar disorder, depression
Janumet, Janumet XRType 2 diabetes
OtezlaPsoriasis, psoriatic arthritis

Will my copay go down?

It depends on your plan. A plan's coinsurance is a share of the drug's price, so a lower price can lower what you pay when you owe coinsurance or are in the deductible stage. A flat copay may not change. Plans also decide which drugs are on their lists and on which tier. Either way, your out-of-pocket costs for covered drugs stop at the Part D cap ($2,100 in 2026, $2,400 in 2027).

Do I need to do anything to get the negotiated price?

No sign-up is needed: the price applies at the pharmacy for covered prescriptions. During Annual Enrollment (October 15 to December 7), check that your drugs are on your plan's list for 2027 and compare plans on the Medicare Plan Finder.

Good to know

More questions people ask

Does drug price negotiation apply to Medicare Advantage plans?
Yes, for drugs covered under the plan's Part D drug benefit. Negotiated prices for drugs covered under Part B begin with the third round, in 2028.
Is Ozempic part of Medicare drug price negotiation?
Yes. Semaglutide, sold as Ozempic, Rybelsus and Wegovy, is one of the 15 drugs whose negotiated Medicare prices take effect January 1, 2027. Whether your plan covers it, and for which uses, depends on the plan and on Medicare's coverage rules.
Will more drugs be added?
Yes. The law lets CMS select more drugs each year: 15 for prices starting in 2028 and up to 20 a year after that.

Related questions

In depth

Sources

Figures are Medicare’s, set nationally, and were checked against these pages on October 2026. For your own situation, contact Medicare.gov or 1-800-MEDICARE (TTY 1-877-486-2048).

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This page was last updated: October 2026.

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