Why Did My Prescription Price Change in 2026?

CoverageAlly · Updated July 2026 · Educational

If you take Eliquis, Jardiance, or a handful of other common medications, something historic happened to their prices this year — and it’s worth two minutes to understand.

What happened

For the first time, Medicare negotiated prices directly with drug manufacturers. Those negotiated prices took effect in January 2026 for ten medications: Eliquis, Xarelto, Jardiance, Farxiga, Januvia, Entresto, Enbrel, Imbruvica, Stelara, and NovoLog.

The catch: plans differ

The negotiated price is the starting point, but what YOU pay depends on your plan’s design — its tiers, deductible, and copays. Two people taking the same drug can see very different results. That’s why this is the year a plan review matters more than most.

And there’s more coming

Fifteen more drugs get negotiated prices in January 2027 — including Ozempic, Wegovy, and Rybelsus. If you take any of them, this fall’s enrollment period is the right time to look.

Also new: your out-of-pocket prescription costs are now capped each year, and you can ask your plan to spread costs into even monthly payments instead of big pharmacy-counter bills.

What to do

Make a list of your prescriptions, then have someone check how your plan prices each one for next year — “your plan is still the best fit” is a perfectly good outcome.

Sources: Medicare Rights Center; CMS Medicare Drug Price Negotiation Program; AARP. Educational content — prices and plan designs vary and change yearly.

Want this checked against your actual plan?

Plan-neutral — and “keep what you have” is always on the table.

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