Commonwealth Fund August 6, 2024
TOPLINES
Concerned with their prescription drug costs, Medicare beneficiaries use a variety of strategies to cope, including talking with their providers and analyzing plan formularies
Health care providers say that cost is a driver of medication noncompliance among their Medicare patients, but they have mixed feelings on what to do about it
Most Medicare beneficiaries take prescription drugs regularly; many need more than one prescription drug to manage their health. Even with a variety of prescription drug coverage options for people with Medicare, about 14 percent of beneficiaries age 65 and older have said they skip or do not fill their prescriptions because of the cost.
The Inflation Reduction Act (IRA) — passed in late 2022 — included multiple provisions...
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