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Trump administration slashes Ozempic and Wegovy price for Medicare

US negotiates 71% cost reduction of Novo Nordisk’s obesity drugs for elderly Americans on government health insurance

The US government has negotiated a 71 per cent discount for Novo Nordisk’s weight-loss drugs Ozempic and Wegovy for patients enrolled in Medicare, the federal health insurance programme for the elderly. 

In a statement on Tuesday, Medicare’s regulator said the government would pay $274 for a 30-day supply of Ozempic and Wegovy, down from $959. The price reduction will go into effect in 2027.

The cost cuts were expected following President Donald Trump’s landmark drug-pricing deal with Novo and rival Eli Lilly announced at the White House earlier this month.

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