The federal government announced it has selected the first 10 drugs it will negotiate for lower prices with pharmaceutical firms. The Centers for Medicare and Medicaid Services selected the drugs, all of which are covered under Medicare Part D. The 10 drugs — Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica, Stelara and Fiasp/NovoLog — accounted for .5 billion of total costs for Medicare’s Part D program from June 2022 to May 2023. Medicare plans to use the cost savings to place a ,000 limit on enrollees’ of out-of-pocket expenditures for drugs starting in 2026. But it could delay innovation...

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