Becker's Healthcare October 22, 2024
In the first six months of 2024, the Inflation Reduction Act has saved 1.5 million Medicare Part D enrollees nearly $1 billion in out-of-pocket prescription drug costs, HHS said Oct. 22.
Passed in August 2022, the IRA began eliminating the 5% cost-sharing in the catastrophic phase of Medicare Part D in 2024. The catastrophic phase is the final coverage phase that starts after enrollees reach $7,050 in out-of-pocket drugs costs.
The law also set inflation caps in Medicare Part D, meaning that drugmakers would...
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