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US targets Novo Nordisk's Ozempic and Wegovy for Medicare price talks

  • Ozempic and Wegovy are now included in Medicare's list of drugs for price negotiations, according to the Biden Administration.
  • The negotiations will involve 15 drugs and could save taxpayers billions, as stated by Health and Human Services Secretary Xavier Becerra.
  • Medicare's spending on Ozempic and Wegovy reached $14.4 billion from November 2023 to October 2024, highlighting the need for price negotiations.
  • The negotiated prices for these drugs will not take effect until 2027, as noted in the announcement.
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