Big Medicare Part D Changes (2023-2025) | Inflation Reduction Act of 2022

Starting in 2023, Medicare Part D will begin its transformation. And by 2025, there will be a $2,000 cap on prescription costs! Time Stamps: 00:56 -- 2023 Changes | 1:43 -- 2024 Changes | 2:54 -- 2025 Changes (2026 and beyond)

Inflation Reduction Act of 2022 (full bill):

Kaiser Family Foundation Analysis:

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[mikep]

The $2000 MOOP for 2025 - does that include premiums? Also, with no cost to us for catastrophic in 2024, does that effectively set a MOOP for 2024?

[joyfulliving]

$35 limited insulin on Advantage plan. What about supplement/Medigap? Thanks!

[jorgeluna]

What about cancer drugs taken at home such as pomalyst and revlimid

[osiumeh]

Nice video. Quick question. Do someone who is enrolled in Medicare Part A and B and also have FEHB really need Medicare Part D?

[savmanhk]

Just got my new Antea silver script drug plan premium for 2025, up almost 400% $9.80 to $44.80 a month!!
And with the deductible going up $300, that means a $700 total increase a year if I use the Deductible and if not only $400 a year more! Glad I can pay for all the other sick people. I only take Pravastatin only $10.00 a month!
Thank you Biden and the Democrats for passing the Inflation Reduction Act!?

[dmansfieldlife]

and now for... the rest of the story. So where do you think the money is going to come from to pay for these expanded benefits for "folks" with high drug costs? That's right, you guessed it. It will come from the plan costs going up for those with low drug use. So everyone is going to pay more for all RX plans to pay for these improved benefits for the "folks" that take lots of drugs. Many of these people in this situation are already getting their drugs mostly paid for through Medicaid. So this will be a windfall for the drug companies. This will save Medicaid programs money. So who gets stuck paying for the drugs? The majority of the people that don't currently have high drug costs. In addition; There will be less incentive for people to take less medication. There will be less incentive to use generic medication. Drug companies will be releasing new medications at higher costs as fast as they can that Medicare will have to cover. As usual this all sounds great but the devil is in the details.