Medicare’s $2000 Prescription Drug Cap Starts Jan 1

Axios reports:

Medicare’s $2,000 prescription drug cap will take effect at the start of the new year.

The yearly limit on out-of-pocket payments, under the Inflation Reduction Act, is expected to lower millions of seniors’ medical costs. It will have a particularly significant impact for patients taking expensive drugs to treat cancer and other serious conditions.

Overall, 3.2 million Americans are expected to save money on prescription medications in 2025, increasing to 4.1 million by 2029, per AARP projections.

Read the full article.

Starting Jan 1, there will be a yearly limit on what you have to pay for prescriptiong drugs.

If the GOP gets its way, they want to repeal this law and let drug companies charge whatever they wanthttps://t.co/15q5B8ZaVt

— Jesse Ferguson (@JesseFFerguson) December 26, 2024