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Medicare's $2,000 prescription drug cap expected to bring major relief to cancer patients (www.nbcnews.com)

submitted 1 day ago by MicroWave@lemmy.world to c/health@lemmy.world

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Summary

Starting Jan. 1, Medicare will cap annual out-of-pocket prescription drug costs at $2,000, as mandated by the Inflation Reduction Act.

This cap, applying to Medicare Part D drugs, is expected to provide significant relief to millions, especially cancer patients, who often face unaffordable medication costs.

Previously, patients could spend over $7,000 annually before catastrophic coverage. Around 3.2 million enrollees are projected to save by 2025, with many seeing savings over $1,000.

While some argue $2,000 remains high, advocates see this as a critical step in easing financial burdens for retirees on fixed incomes.

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[–] oakey66@lemmy.world 22 points 1 day ago (1 children)

Just in time for Trump to take credit. Biden is both the dumbest motherfucker and surrounded by the dumbest motherfuckers for letting this happen.

[–] Rhaedas@fedia.io 19 points 1 day ago

I don't care about taking credit, I'd be more worried about reversing it like so many other things he's got planned. Maybe if someone can convince him to outdo Biden and half it to $1000.

[–] penquin@lemm.ee 14 points 1 day ago

My brain will never be able to wrap around the idea of charging people tons of money for getting sick.

[–] HubertManne@moist.catsweat.com 7 points 1 day ago (1 children)

yet another thing to mention when I talk about how to me biden was the best president of my lifetime.

[–] FoxyFerengi@lemm.ee 4 points 1 day ago (1 children)

I feel like Obama did much more than Biden in advancing the quality of life for Americans in just his first term. I wish he hadn't stayed in the Middle East, but that's the most major of my few complaints about Obama.

[–] HubertManne@moist.catsweat.com 6 points 1 day ago

I can't really point to much from the first term outside of aca. I can point to tons from bidens first term. Don't get me wrong I liked obama and biden had the complete experience with the bs from being on his administration. I think if obama had all the experience. Like could do it again. I bet he would have gotten a ton done.