Medicare’s $2K drug cap starts Jan. 1

Becker’s Hospital Review – Friday, December 27, 2024
By Paige Twenter

Two-and-a-half years after President Joe Biden signed the Inflation Reduction Act into law, Medicare Part D beneficiaries will soon see an annual cap on medication costs.

Effective Jan. 1, Medicare Part D will begin limiting out-of-pocket prescription drug costs to $2,000. This ceiling will be adjusted for inflation each year.

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