Medicare drug plans shift costs to patients under IRA
Important Information regarding Medicare drug plans!
The Inflation Reduction Act (IRA) introduced a $2,000 annual out‑of‑pocket cap starting in 2025 for Medicare Part D prescription drug spending, designed to protect high‑spending beneficiaries. However, a recent white paper from the USC Schaeffer Center reveals that, because most beneficiaries do not reach this cap, many are seeing cost increases as plans respond by increasing deductibles and shifting from flat copayments to coinsurance tied to list prices, thereby moving more costs onto patients even before the cap is met.
Read Medical Ecnomics' full article!
Or read the white paper published by USC Schaeffer Center!