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Medicare Drug Price Negotiation Program

Medicare negotiated drug prices

Every drug CMS has selected for Medicare price negotiation so far, 40 in all, with the negotiated price, list price and discount from CMS's own fact sheets. For the drugs this site tracks, the last column shows when US generics or biosimilars arrive.

Next: 2028 prices are due by 30 November 202615 drugs, including Trulicity, Biktarvy, Cosentyx, Erleada. This page is updated when CMS publishes them.
2026 prices
10 drugs38% to 79% below list
2027 prices
15 drugs38% to 85% below list
2028 prices
15 drugsPrices due 30 Nov 2026
Medicare spend on these drugs
$125.7BOne year each, as CMS measured it

2028 prices: 15 drugs (prices due by 30 November 2026)

DrugTreatsNegotiated priceMedicare spend
(Nov 2024 to Oct 2025)
US copies
TrulicityEli Lilly Type 2 diabetes Due by 30 Nov 2026 $4.9B617k patients US biosimilars 2027
BiktarvyGilead HIV-1 Due by 30 Nov 2026 $3.9B101k patients US generics 2036 (8 yr after)
OrenciaBristol Myers Squibb Rheumatoid arthritis; psoriatic arthritis Due by 30 Nov 2026 $2.5B72k patients Not tracked
CosentyxNovartis Psoriasis; psoriatic arthritis Due by 30 Nov 2026 $2.3B40k patients US biosimilars 2029 (1 yr after)
ErleadaJohnson & Johnson Prostate cancer Due by 30 Nov 2026 $1.9B19k patients US generics 2033 (5 yr after)
KisqaliNovartis Breast cancer Due by 30 Nov 2026 $1.6B17k patients US generics 2031 (3 yr after)
EntyvioTakeda Crohn's disease; ulcerative colitis Due by 30 Nov 2026 $1.5B37k patients US biosimilars 2032 (4 yr after)
VerzenioEli Lilly Breast cancer Due by 30 Nov 2026 $1.4B15k patients US generics 2031 (3 yr after)
BotoxAbbVie Chronic migraine; overactive bladder; spasticity Due by 30 Nov 2026 $1.1B390k patients Not tracked
LenvimaEisai / Merck Thyroid, endometrial, liver and kidney cancer Due by 30 Nov 2026 $1.1B10k patients Not tracked
XolairRoche / Novartis Asthma; chronic spontaneous urticaria Due by 30 Nov 2026 $1.1B40k patients US biosimilars launched 2026
RexultiOtsuka / Lundbeck Depression; schizophrenia; Alzheimer's agitation Due by 30 Nov 2026 $1.1B119k patients Not tracked
XeljanzPfizer Rheumatoid arthritis; psoriatic arthritis; ulcerative colitis Due by 30 Nov 2026 $1.0B22k patients Not tracked
Anoro ElliptaGSK COPD Due by 30 Nov 2026 $0.8B281k patients Not tracked
CimziaUCB Crohn's disease; psoriasis; arthritis Due by 30 Nov 2026 $0.8B38k patients Not tracked

Part B and Part D. The first cycle to include Part B drugs, given in a doctor's office or clinic. CMS also selected Tradjenta (2027 price) for renegotiation. Source: CMS: drugs selected for 2028

2027 prices: 15 drugs

DrugTreatsNegotiated price
(30-day supply)
Below listMedicare spend
(2024)
US copies
Ozempic / Rybelsus / WegovyNovo Nordisk Type 2 diabetes; cardiovascular disease; obesity $274list $959 −71% $15.2B2.3M patients US generics 2032 (5 yr after)
Trelegy ElliptaGSK Asthma; COPD $175list $654 −73% $5.3B1.3M patients US generics 2027
XtandiAstellas / Pfizer Prostate cancer $7,004list $13,480 −48% $3.4B35k patients US generics 2027
PomalystBristol Myers Squibb Kaposi sarcoma; multiple myeloma $8,650list $21,744 −60% $2.2B14k patients US generics launched 2026
OfevBoehringer Ingelheim Idiopathic pulmonary fibrosis $6,350list $12,622 −50% $2.1B24k patients Not tracked
IbrancePfizer Breast cancer $7,871list $15,741 −50% $2.0B16k patients US generics 2027
LinzessAbbVie Chronic constipation; IBS with constipation $136list $539 −75% $2.0B632k patients Not tracked
CalquenceAstraZeneca CLL/SLL; mantle cell lymphoma $8,600list $14,228 −40% $1.7B15k patients US generics 2032 (5 yr after)
Austedo / Austedo XRTeva Huntington's chorea; tardive dyskinesia $4,093list $6,623 −38% $1.7B27k patients Not tracked
Breo ElliptaGSK Asthma; COPD $67list $397 −83% $1.4B626k patients Not tracked
XifaxanSalix (Bausch Health) Hepatic encephalopathy; IBS with diarrhea $1,000list $2,696 −63% $1.2B105k patients Not tracked
VraylarAbbVie Bipolar I; major depression; schizophrenia $770list $1,376 −44% $1.1B118k patients US generics 2029 (2 yr after)
TradjentaBoehringer Ingelheim Type 2 diabetes $78list $488 −84% $1.1B274k patients Not tracked
Janumet / Janumet XRMerck Type 2 diabetes $80list $526 −85% $1.1B239k patients Not tracked
OtezlaAmgen Psoriasis; psoriatic arthritis; Behçet's oral ulcers $1,650list $4,722 −65% $1.0B31k patients US generics 2028 (1 yr after)

Part D. Prices take effect on 1 January 2027. Source: CMS: negotiated prices for 2027

2026 prices: 10 drugs

DrugTreatsNegotiated price
(30-day supply)
Below listMedicare spend
(2023)
US copies
JanuviaMerck Diabetes $113list $527 −79% $4.1B843k patients US generics launched 2026
Fiasp / NovoLogNovo Nordisk Diabetes $119list $495 −76% $2.6B785k patients Not tracked
FarxigaAstraZeneca Diabetes; heart failure; chronic kidney disease $179list $556 −68% $4.3B994k patients US generics launched 2026
EnbrelAmgen Rheumatoid arthritis; psoriasis; psoriatic arthritis $2,355list $7,106 −67% $3.0B48k patients US biosimilars 2029 (3 yr after)
JardianceBoehringer Ingelheim Diabetes; heart failure; chronic kidney disease $197list $573 −66% $8.8B1.9M patients US generics 2029 (3 yr after)
StelaraJohnson & Johnson Psoriasis; psoriatic arthritis; Crohn's disease; ulcerative colitis $4,695list $13,836 −66% $3.0B23k patients US biosimilars launched 2025
XareltoJohnson & Johnson Blood clots; coronary or peripheral artery disease $197list $517 −62% $6.3B1.3M patients US generics launched 2025
EliquisBristol Myers Squibb Blood clots $231list $521 −56% $18.3B3.9M patients US generics 2028 (2 yr after)
EntrestoNovartis Heart failure $295list $628 −53% $3.4B664k patients US generics launched 2025
ImbruvicaAbbVie / Johnson & Johnson Blood cancers $9,319list $14,934 −38% $2.4B17k patients US generics 2032 (6 yr after)

Part D. Prices take effect on 1 January 2026. Source: CMS: negotiated prices for 2026

Medicare prices and the patent cliff

For 11 of the 25 drugs this site tracks, US generics or biosimilars arrive no later than the Medicare price: Januvia, Farxiga, Stelara, Xarelto, Entresto, Trelegy, Xtandi, Pomalyst, Ibrance, Trulicity, Xolair. For these, generic or biosimilar competition arrives before or alongside the negotiated price.

The widest gaps, where the Medicare price is the first real pressure on US revenue: Biktarvy (2028 price, copies 2036), Imbruvica (2026 price, copies 2032), Ozempic (2027 price, copies 2032), Calquence (2027 price, copies 2032), Erleada (2028 price, copies 2033).

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Pharma Patent Cliff by readouts.io. "Medicare drug price negotiation: negotiated prices." Updated 8 October 2026. https://pharmapatentcliff.com/medicare

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