Report Finds Nearly $1 Billion in Out-of-Pocket Prescription Drug Savings Due to Inflation Reduction Act

Report Finds Nearly $1 Billion in Out-of-Pocket Prescription Drug Savings Due to Inflation Reduction Act

The Department of Health and Human Services (HHS) Office of Assistant Secretary for Planning and Evaluation (ASPE) released a report on the 2024 out-out-pocket (OOP) spending limit (OOP cap) and its associated savings for Medicare beneficiaries (press release). Pursuant to the Inflation Reduction Act (IRA), in 2024, Medicare enrollees’ OOP spending was capped once they reached the catastrophic phase of… (Slifer, October 22, 2024) #Medicare Part D, #Prescription Drugs