drug prices

Trump signs executive action to lower drug prices

6:05pm April 15, 2025

The action is intended to build upon the existing program for Medicare drug price negotiations, which was created by the Inflation Reduction Act that passed during the Biden administration.

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Medicare targets 15 more drugs for price negotiations -- including Ozempic

8:00am January 17, 2025

On its last weekday in power, the Biden Administration has chosen the next batch of drugs up for price negotiation in Medicare.

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Drugmakers hiked prices for hundreds of drugs in early January

12:19pm January 14, 2025

January is a big time for drugmakers to hike prices. This year saw higher prices for 575 medications so far, including Ozempic, drugs for HIV, cancer and many others.

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Medicare negotiated drug prices for the first time. Here’s what it got

5:00am August 15, 2024

The White House announced new Medicare drug prices for 10 medicines popular with beneficiaries. It's the first time the federal program has negotiated lower prices with the pharmaceutical industry.

Medicare negotiations for lower drug prices near the finish line

12:50pm July 30, 2024

by Sydney Lupkin

Medicare's new authority to negotiate lower prescription drug prices represents a signature accomplishment of the Biden-Harris administration. Here's what to know as the first set of talks wraps up.

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Mark Cuban's Cost Plus Drugs online pharmacy is adding the oral contraceptive Yaz from Bayer to its list of discounted medicines.

Health & Safety

Bayer makes a deal on popular contraceptive with Mark Cuban's online pharmacy

5:05pm February 19, 2024

by Sydney Lupkin

Bayer is adding two of its name-brand drugs to the roster of Cost Plus Drugs: the birth control pill Yaz and the menopause treatment Climara.

Vermont Sen. Bernie Sanders, chairman of the Senate Health, Education, Labor, and Pensions Committee, pressed executives from Bristol Myers Squibb, Merck and Johnson & Johnson about the prices they charge for drugs in the U.S.

Health & Safety

Senators ask CEOs why their drugs cost so much more in the U.S.

6:02pm February 08, 2024

by Sydney Lupkin

The Senate HELP committee questioned pharmaceutical CEOs about how much more Americans pay for the same drugs sold for less in Canada, Japan and Europe.

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Drug price hikes appear to be moderate this year, with some drug prices falling.

Health & Safety

What to know about January's annual drug price hikes

7:05am January 17, 2024

by Sydney Lupkin

Spoiler: There are some decreases this year, too. Here's an overview of the changing prices and what to make of them.

Activists protest the prices of prescription drug outside the Department of Health and Human Services in Washington, D.C., in October 2022.

Health & Safety

White House proposes to 'march in' on patents for costly drugs

3:01pm December 07, 2023

by Sydney Lupkin

To lower drug prices, the Biden administration is looking to assert its authority to license drug patents that rely on government-funded research to drugmakers that would offer cheaper medicines.

Chairman of the Senate Health, Education, Labor and Pensions Committee Sen. Bernie Sanders, a Vermont Independent, questions Dr. Monica Bertagnolli during her confirmation hearing to become director of the National Institutes of Health.

Health & Safety

Sen. Sanders pushes NIH to rein in drug prices

5:12am November 17, 2023

by Sydney Lupkin

The National Institutes of Health has been reluctant to use its leverage as a biomedical research funder to influence drug pricing. Sen. Bernie Sanders is pressing NIH's new director to take action.