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Trump Administration Cuts GLP-1 Weight Loss Drug Costs to $50 Monthly for Medicare

Reality Check with Ross Coulthart · Are GLP-1s miracle drugs? Dr. Oz weighs in | Elizabeth Vargas Reports · July 3, 2026
Trump Administration Cuts GLP-1 Weight Loss Drug Costs to $50 Monthly for Medicare
Reality Check with Ross Coulthart
Reality Check with Ross Coulthart
Are GLP-1s miracle drugs? Dr. Oz weighs in | Elizabeth Vargas Reports
"STARTING YESTERDAY, EVERYBODY ON MEDICARE WHO WOULD THAT ALREADY ELIGIBLE FOR THESE GLP ONE THATS SHOTS AS THE PRESIDENT CALLS THEM BECAUSE OF HIS HARD WORK ON THESE MFN MOST FAVORED NATION DRUG PRICING NEGOTIATIONS. WE BE ABLE TO NEGOTIATE THE PRICES DOWN SO YOU CAN AFFORD THESE MEDS. NOW THEY'RE $50 A MONTH."
Dr. Mehmet Oz announced a new federal program making GLP-1 weight loss medications available to Medicare beneficiaries for $50 per month, down from prices that previously made them accessible primarily to affluent Americans. The program launched yesterday through most favored nation drug pricing negotiations and had already enrolled thousands overnight. Oz stated the initiative aims to address that 70% of healthcare spending stems from chronic illnesses related to weight, potentially saving taxpayers money while expanding access beyond wealthy zip codes.

About this episode

Dr. Mehmet Oz, serving as one of the President's top medical advisers, announced a landmark federal program making GLP-1 weight loss medications available to Medicare beneficiaries for $50 per month, beginning the day before this interview. The initiative, enabled through most favored nation drug pricing negotiations, aims to expand access to medications like Ozempic and Wegovy beyond affluent Americans to address nationwide obesity and chronic illness. Oz revealed that thousands enrolled overnight without technical glitches and estimates millions will ultimately gain access. The program represents an 18-month pilot to measure demand among Americans seeking weight loss assistance, not just those with existing conditions like heart disease or diabetes who already qualify for coverage. Oz emphasized that approximately 70% of all healthcare spending stems from chronic illnesses related to weight, arguing the program could generate taxpayer savings by reducing downstream medical complications. He noted that previously these medications were disproportionately used in wealthy areas like Manhattan's Upper East Side rather than communities with greatest medical need. The discussion covered the broader benefits of GLP-1 drugs beyond appetite suppression, which Oz described as having side benefits still being discovered. He stressed the administration's goal of making these medications affordable to all Americans rather than remaining accessible only to the affluent, positioning the initiative as both a public health intervention and fiscal strategy.

Key takeaways

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