More than 164,000 Arizona Medicare Enrollees Will See Out-of-Pocket Costs Go Down
WASHINGTON, D.C.—Today, Rep. Greg Stanton applauded the announcement of the first Medicare negotiated drug prices under the Inflation Reduction Act—impacting more than 164,000 Medicare enrollees in Arizona. These negotiated drugs are some of the most expensive and most frequently dispensed drugs in the Medicare program.
More than 96,000 Arizona Medicare enrollees rely on Eliquis or Xarelto, cardiovascular drugs to prevent blood clots—the prices of both drugs will be cut by more than half, saving them hundreds of dollars every month. 46,000 Arizona Medicare enrollees take Type 2 Diabetes medications Jardiance, Januvia or Farxiga, and will pay up to 79% less for their medications. A full list of the drugs and their new prices is available HERE.
“We took on Big Pharma—and won. Now, Arizona seniors living on fixed incomes can worry less about affording prescription drugs,” Stanton, an early champion of Medicare price negotiation, said. “I won’t stop working to expand these savings to all Arizonans.”
The new prices will go into effect for people with Medicare Part D prescription drug coverage beginning January 1, 2026. American taxpayers are expected to save $6 billion on prescription drug costs, and people enrolled in Medicare are expected to save $1.5 billion in out-of-pocket costs in 2026 alone.
The Inflation Reduction Act is already working to save Arizonans money on healthcare costs by:
- Ensuring people with Medicare pay no more than $35 for a month’s supply of each covered insulin product—benefitting more than 28,000 Arizonans.
- Expanding eligibility for the Low-Income Subsidy program, also known as Extra Help, to provide more enrollees with $0 premiums, $0 deductibles, and fixed, reduced copays.
- Capping out-of-pocket drug costs capped for more than 319,000 Arizona Medicare Part D enrollees at about $3,500—saving an expected $70 million. In 2025, these out-of-pocket costs will be lowered even more with a $2,000 cap.
- Providing more than 1.1 million Medicare Part D enrollees in Arizona with free recommended preventative vaccines.