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The Medicare Prescription Drug, Improvement, and Modernization Act, [1] also called the Medicare Modernization Act or MMA, is a federal law of the United States, enacted in 2003. [2] It produced the largest overhaul of Medicare in the public health program's 38-year history.
1. $2,000 annual out-of-pocket drug cap. The Inflation Reduction Act, signed into law in 2022, greenlit significant changes to the Medicare program. ... Medicare prescription drug plans must offer ...
Several changes are coming to Medicare Part D prescription drug plans in 2025 that could impact drug costs and plan coverage. One change is an annual $2,000 out-of-pocket cap.
Centers for Medicare and Medicaid Services logo. Medicare Part D, also called the Medicare prescription drug benefit, is an optional United States federal-government program to help Medicare beneficiaries pay for self-administered prescription drugs. [1]
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.
In January 2007, the 110th United States House of Representatives approved H.R. 4, the Medicare Prescription Drug Price Negotiation Act, [1] a bill to require federal officials to negotiate with drug companies for lower prices for the 23 million senior citizens who have signed up for Medicare's prescription drug coverage. The bill was never ...