Biden Administration to Release $2 Generic Drug List for Medicare Recipients in 2027 Pilot Program

Oct 9, 2024, 11:00 AM

The Biden-Harris administration announced that it will release a preliminary list of generic drugs that will be made available to Medicare recipients for no more than $2. This initiative, reported by Axios, is part of a pilot program aimed at reducing prescription drug costs. The program is set to start in 2027 and will include medications for common conditions. The Centers for Medicare & Medicaid Services (CMS) is seeking feedback on the sample drug list and outreach efforts. Participation in the model will be voluntary for Part D sponsors. The announcement was made on Wednesday by the Department of Health and Human Services (HHS).