Inflation Reduction Act – Medicare Part D Redesign/ Patient Out-Of-Pocket Cap

OVERVIEW MEDICARE PART D BENEFIT RESTRUCTURE

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Currently, millions of Medicare beneficiaries reach the catastrophic phase in January or February, which exacerbates the financial hardship of the high prices of OOP costs. The Inflation Reduction Act (IRA) will allow Medicare beneficiaries to spread thei

The IRA restructures the Medicare Part D benefit to provide financial protections for beneficiaries and changes the contribution structure for plans, the government, and manufacturers.

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