Both brand-name and generic drugs must be approved by the Food and Drug Administration (FDA) before they can be prescribed to people. Brand-name drugs are marketed under exclusive, trademark-protected names and are protected by patents.

To get Medicare drug coverage, you must join a Medicare-approved plan that offers drug coverage. Private insurance companies offer Medicare drug coverage and must follow rules set by Medicare. Each plan can vary in cost and specific drugs covered.

Mar 21, 2024 · Medicare could start covering Wegovy for certain senior citizens and other beneficiaries with a history of heart disease now that the US Food and Drug Administration has approved drugmaker...

Jun 1, 2023 · The Centers for Medicare & Medicaid Services announced Thursday a plan to cover a new class of Alzheimer’s disease drugs if they receive full approval from the US Food and Drug Administration –...

We examined approaches to improve coordination between the FDA and Centers for Medicare and Medicaid Services (CMS) for drugs granted accelerated approval. We argue that policymakers have focused on expedited pathways at the FDA without sufficient attention to complementary policies at the CMS.

$2,000 cap on out-of-pocket costs for drugs covered by your Medicare plan In 2025, your out-of-pocket costs for covered drugs are capped at $2,000. The cap only applies to drugs covered by your Part D plan, so review your plan to make sure your drugs are covered.

Medicare drug coverage (Part D) is extra coverage people with Medicare can choose to help lower costs of prescription drugs. Medicare-approved private plans offer this coverage. Even if you don’t take prescription drugs now, consider getting Medicare drug coverage.

Aug 4, 2023 · FDA indicates US Food and Drug Administration. Among 64 analyzed technologies that required establishment of new Medicare coverage, the time spent seeking a coverage milestone varied from less than 91 days to about 7 years.

Better coordination between the FDA and CMS could improve the transparency and predictability of drug approval and coverage around accelerated-approval drugs, with important implications for patient outcomes, health spending, and evidence generation processes.

Medicare drug coverage (also known as Medicare Part D) helps pay for the brand-name and generic drugs you need. It's optional and offered to everyone with Medicare by insurance companies and other private companies approved by Medicare. Even if you don’t take prescription drugs now, ...