The new negotiated lower prices vary by drug, but would have saved the government about $6 billion and enrollees another $1.5 billion had they been in place in 2023, federal estimates show.
Pennsylvanians with Part D plans who rely on these medications are expected to see their out-of-pocket costs drop by 53% on average in 2026, according to a new AARP report.
“That’s real relief for older adults who have been stretched to the breaking point by high drug prices for far too long,” said Nancy LeaMond, AARP’s executive vice president and chief advocacy and engagement officer.
Making costly medications more affordable
Diana DeVito, 84, of North Strabane Township, Pennsylvania, said she knows all too well about the struggle to afford what can be lifesaving medications.
Several years after being diagnosed with chronic lymphocytic leukemia, DeVito was prescribed Imbruvica to keep the blood cancer from progressing.
“I almost had a heart attack when I saw the first co-pay,” she said.
Her Medicare insurance plan was getting billed about $19,000 a month for the drug. DeVito estimated that she ended up paying about $56,000 out-of-pocket over a five-year period.
“My husband once asked me, ‘What happens if people can’t afford this drug? I guess they just die,’” she said. “Unfortunately, many people do not get the treatment that they need and probably do not survive. And this stays with me.”
Imbruvica will have a new list price of $9,319 for a 30-day supply of the medication in 2026. It’s a decrease from prices in previous years, but still remains an expensive drug.
However, aging advocates say that a new 2026 annual cap on out-of-pocket costs for Medicare enrollees will help keep costs down. Once seniors hit a $2,100 maximum, they will not have to pay anything for covered medications for the rest of the year.
“I think that it gives us hope that things will get better and it gives us a chance to relax a little bit, not worrying how we are going to pay for these expensive drugs,” DeVito said.
Lower prices on another 15 medications that were selected for negotiation, including Ozempic, Trelegy Ellipta and Linzess, are scheduled to take effect in 2027.