STAT August 5, 2024
WASHINGTON — Medicare officials are offering private insurers big subsidies to keep premiums for prescription-drug plans stable as the elections approach.
The Inflation Reduction Act, passed by Democrats in 2022, made several changes to Medicare’s drug benefit, known as Medicare Part D. All were aimed at lowering drug prices and drug costs for both seniors and the federal government. The most well-known policies cap annual out-of-pocket drug costs for seniors,...
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