Affordable Generics: Medicare's $2 Drug List Unveiled

The U.S. government plans to release a list of 101 generic drugs, available to Medicare recipients for no more than $2 each. These drugs, including penicillin and albuterol, won't require prior authorization. Feedback will be sought, and the program is expected to begin in January 2027.

The U.S. government is set to unveil a preliminary list of generic drugs accessible to Medicare recipients at a price point of no more than $2, according to a report by Axios on Wednesday.

The listing, featuring medications like penicillin, metformin, and asthma inhalers, will bypass traditional regulatory requirements such as prior authorization and quantity limits. Officials are requesting public feedback on this initial roster, which includes 101 drugs for common afflictions, including high cholesterol and blood pressure.

According to the report, the launch of this initiative is targeted for January 2027. As of now, the Centers for Medicare & Medicaid Services have not provided further comments regarding the program.

(With inputs from agencies.)