15 expensive prescription drugs will see lower prices under Medicare in 2027. The drugs, including medication for cancer, diabetes, arthritis, and weight loss. Their prices were lowered under the inflation reduction act that allows Medicare to negotiate.Well, NBC News correspondent Maris Francis joins me now. So, uh, Maris, which drugs are covered here. How much are we talking about in terms of savings.Yeah. Well, President Trump, he really wanted to kind of strongarm these companies into voluntarily making ...

the president speaking uh plan news conference to discuss prescription drug prices. We're going to toss to that right now. >> I haven't heard anything.>> Someday maybe it'll come out which will notify you immediately but so far I haven't heard that including the drugs known as zeppound and we goi often called oepic. This is a triumph for American patients that will save lives and improve the health of millions and millions of Americans. Amazing thing. They are amazing.I want to thank Eli Liy CEO David Ricks ...

Core Points - The announcement focuses on the implementation of most favored nation pricing for prescription drugs, particularly targeting weight loss medications from Eli Lilly and Novo Nordisk, which will significantly reduce costs for American patients [1][25] - The initiative aims to address the disparity in drug pricing between the U.S. and other countries, where Americans have been paying substantially higher prices for the same medications [5][9] Company-Specific Summary - Eli Lilly and Novo Nordisk are set to lower the price of their weight loss drugs, Wiggoi and Zepbound, from $1,350 to $250 and from $1,080 to $346 respectively, marking a significant reduction in costs for consumers [10][11] - Both companies have committed to offering future GLP-1 weight loss drugs at a maximum price of $149 per month, which is a substantial decrease from current prices [11][12] - Eli Lilly is investing $27 billion and Novo Nordisk is investing $10 billion in domestic manufacturing, indicating a strong commitment to reshoring production and enhancing local supply chains [18][19] Industry Impact - The U.S. pharmaceutical market, which represents only 4% of the global population but accounts for 75% of pharmaceutical profits, is undergoing a transformation aimed at making healthcare more affordable [3][22] - The introduction of most favored nation pricing is expected to lead to broader changes in drug pricing strategies across the industry, with more companies likely to follow suit [25] - The initiative is anticipated to provide significant savings for Medicare patients, with co-pays potentially as low as $50, compared to previous costs exceeding $1,000 [13][12]