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Price Negotiation In Part D: Big Savings On Revlimid, Ibrance, Xtandi Projected in CAP Analysis

 
• By Cathy Kelly

As Democrats in the US Congress work to move legislation empowering the Health and Human Services Department to negotiate drug prices directly with manufacturers, the Center For American Progress releases an analysis on which drugs would be targeted by House bill HR 3 and how much prices could be reduced.

United States Capitol on 50 Dollars bill USA money banknote
• Source: Shutterstock

Implementation of the federal government price negotiation program described in House legislation HR 3 could save Medicare Part D and beneficiaries $6,000 to $8,000 per month off the net prices of three high-cost oncology drugs: Celgene Corporation’s Revlimid, Pfizer Inc.’s Ibrance and Astellas Pharma, Inc.’s Xtandi, according to a new analysis from the Center for American Progress.

The analysis also projects that negotiation would lower the monthly net prices of AbbVie Inc.’s Humira Pen and

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