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The cap is part of the Inflation Reduction Act, the 2022 federal climate and health care bill that also empowered Medicare to negotiate drug prices with pharmaceutical companies. Because the cap ...
The Inflation Reduction Act's Medicare Prescription Drug Inflation Rebate Program has lowered prices for dozens of prescription drugs and annual out-of-pocket costs for prescription drugs are now ...
A new cap on prescription drug costs is taking effect in 2025 thanks to the Inflation Reduction Act. Starting next year, seniors covered by Part D will have a $2,000 out-of-pocket limit.
The Inflation Reduction Act, signed into law in 2022, greenlit significant changes to the Medicare program. These measures roll out over time, and the newest provision goes into effect next year.
The Medicare Prescription Payment Plan—or M3P as it’s been dubbed—was put into the Inflation Reduction Act of 2022 to help Medicare beneficiaries avoid being socked with steep drug costs ...
A provision of Biden’s Inflation Reduction Act requires drugmakers to pay rebates to Medicare, the federal health program for Americans over age 65, if they hike the price of a medication faster ...