Becker's Healthcare September 24, 2024
Vice President Kamala Harris wants to expand Medicare’s $2,000 annual cap on out-of-pocket drug costs for those with private insurance, but it is unclear how many people would benefit from the plan, Politico reported Sept. 24.
Four things to know:
1. In 2018, less than 1% of people with a large-employer plan spent more than $2,000 out of pocket on drugs, Politico reported, citing data from KFF. Another 2.6% had out-of-pocket costs exceeding $1,000.
2. KFF Vice President Cynthia Cox told Politico she thinks a spending cap on prescription drugs might mean higher out-of-pocket spending on other types of services.
“We have seen employers … are paying a larger share of prescription drug...
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