Becker's Healthcare December 11, 2023
The federal government will cap drug copays and premiums for Medicare beneficiaries and expand eligibility for financial assistance for medications in 2024.
The new policies are part of the Inflation Reduction Act, passed in 2022, and being rolled out over several years. In 2023, the legislation led to caps on insulin prices for Medicare beneficiaries and financial penalties for drugmakers raising the cost of their medications higher than the rate of inflation.
AARP laid out when the act’s provisions take effect, year-by-year. Here are three big changes coming to Medicare in 2024:
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