Patients On Listed Drugs React With Joy To Lower Prices On The Horizon; Long Awaited Relief 

WASHINGTON, D.C. — The following statement was issued by David Mitchell, a cancer patient and founder of Patients For Affordable Drugs Now, in response to the Centers for Medicare and Medicaid Services (CMS) announcement of the first ten drugs for which Medicare will negotiate lower prices as part of the Inflation Reduction Act: 

“This is a momentous day for patients across the country. Finally beginning to undo the nearly 20-year ban on Medicare using its purchasing power to get lower prices, Medicare will now negotiate for a better deal for these ten high-cost drugs. The list includes essential life-saving medications – cancer treatments, blood thinners, autoimmune disease treatments, diabetes drugs – that people in this country have been paying unjustified amounts for decades, while drug companies have used Medicare as a piggy bank raising prices to hit profit targets and trigger executive bonuses.

“I am one of millions of people in this country who take Eliquis (apixaban), a blood thinner that has a list price of almost $7,000 in the U.S. because its maker, Bristol-Myers Squibb, has blocked competition. In Canada, where there is a generic, the price is less than $1,700. With negotiations, millions of patients will finally get a more affordable price for drugs like Eliquis.

“We look forward to continuing to work with CMS and the Department of Health and Human Services (HHS) to ensure the law is implemented despite opposition from Big Pharma, and that patients finally begin to get a better deal for these ten high-priced medications and another 50 by 2029. We’ve been waiting far too long for this relief. This is just the beginning and we will continue pushing on all fronts to lower drug prices for everyone.”

The following statements are from patients around the country who are on some of the ten drugs on the list to be negotiated first for lower prices:

The prices of the following ten drugs will be the first to be negotiated by Medicare: