US President Joe Biden has announced 10 drugs that will be targeted in government price negotiations to make them more affordable for the elderly.

Mr Biden’s Inflation Reduction Act gave Medicare the power to negotiate drug prices with manufacturers for the first time.

BBC News says the negotiations mean older Americans could see cheaper drug costs by 2026.

The 10 drugs include expensive diabetes, cancer and heart medications.

A statement from Mr Biden says, “For far too long, Americans have paid more for prescription drugs than any major economy. Today, the Biden-Harris Administration is delivering on another significant milestone in implementing President Biden’s historic law to lower health care and prescription drug costs and ushering in a new era for American seniors.”

The 10 drugs named are:

Medicare can now negotiate lower costs for these prescription drugs thanks to my Inflation Reduction Act:

—Eliquis
—Jardiance
—Xarelto
—Januvia
—Farxiga
—Entresto
—Enbrel
—Imbruvica
—Stelara
—Fiasp

Every single Republican in Congress voted against this.

— Joe Biden (@JoeBiden) August 29, 2023

(Featured Photo via Joe Biden on X)