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US negotiates lower drug prices for Medicare recipients

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The U.S. federal government has negotiated lower drug prices for 15 medications for Medicare recipients.

Price reductions will be as much as 85% for the drugs. Ozempic is among the drugs on the list.

Older adults are expected to see a $685 million reduction in out-of-pocket costs when the price decreases take effect in 2027, according to Axios.

Read more from Axios.

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