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Fortune

Erin Prater

Biden targets diabetes drug Jardiance, blood thinner Eliquis, and 8 others for controversial Medicare price talks. But any relief is still years away

Joe Biden Medicare diabetes CMS PhRMA Republican BristolMyers Squibb Merck

(Credit: Photo by Evan Vucci, the Associated Press)

WASHINGTON—The Biden administration is targeting the blood thinner Eliquis, diabetes treatment Jardiance and eight other medications for Medicare's first-ever drug price negotiations as it seeks to lower medical costs for Americans.

The administration on Tuesday released a list of the 10 drugs for which prices will be negotiated directly with the manufacturer.

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