Medicare is cutting costs of 15 prescription drugs, including popular weight

Good news is coming to Medicare recipients as the list of prescription medications seeing a price drop under the Inflation Reduction Act increases .

The federal government is slashing prices for 15 commonly used prescriptions — including mega-popular weight loss medications.

The Centers for Medicare and Medicaid Services (CMS) announced the new list in late November , saying the negotiated prices will take effect in January 2027.

The move marks the second wave of cuts under the law, which allowed Medicare to negotiate drug prices for the first time.

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The first group of 10 medications, which includes drugs treating diabetes, blood clots, heart disease and more, will see lower prices