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Before the law, there was no out-of-pocket cap for Medicare's Part D, the section that covers prescription drugs, which left seniors at risk of "significant financial burdens," the AARP noted.
In 2023, the list price was $517, and the price will soon drop 62% to $197 in two years. Eliquis Last year, it was prescribed to nearly 4 million Medicare Plan D patients.
In addition, 50 million Americans with Medicare Part D will have their costs at the pharmacy capped at $2,000 per year. This benefits about 1.4 million beneficiaries annually.
Medicare offers tips on choosing the best plan based on your medication coverage needs — for example, if you take expensive specialty medications or want comprehensive coverage with a Part C plan.
Pay less for your prescriptions on Medicare using Part D plans and discount programs from drug makers, states, Medicare, pharmacies and discount cards.
The White House said that these 10 drugs are among those with highest total spending in Medicare Part D. "When implemented, prices on negotiated drugs will decrease for up to 9 million seniors ...
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Dig deeper: Original Medicare vs. Medicare Advantage: Which should you choose for health coverage? Option 5: Insurance from a part-time job Some companies offer health insurance even to part-time ...
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