Medicare Patients on Pricey Drugs Are Saving Big This Year

January 16, 2024

Unlabeled pill bottles in a pharmacy

(Wall Street Journal) – Medicare patients lining up to fill pricey prescriptions at the pharmacy counter this year will realize some good news: For the first time, there is a ceiling on how much they will pay in 2024 for their Part D drugs. Changes brought about by the 2022 Inflation Reduction Act mean that people on Part D plans now pay no more than roughly $3,300 on drugs annually—a number that could shift a bit based on whether they take brand or generic medications. In 2025, that cap will change again to a flat $2,000. (Read More)

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