Thorpe: Medicare's drug pricing reform will hurt chronic disease patients

Thorpe: Medicare's drug pricing reform will hurt chronic disease patients

Just before the inauguration, the outgoing Biden administration announced 15 new medications that’ll be subject to government price negotiations under the Inflation Reduction Act. The new prices, which only apply to Medicare, will officially take effect in 2027.

What is the $2,000 cap on Medicare Part D?

Answers provided by Kelsey Hoelscher, Breitenfeldt Group licensed agent What is the cap for Medicare Part D prescription drug costs?Starting in 2025, Medicare Part D enrollees will have a $2,000 annual cap on out-of-pocket prescription drug costs. Enrollees will pay their deductible (if applicable) on covered prescriptions, then their cost-share until the $2,000 cap is met.How does this cap differ from the previous Medicare Part D structure?In t…

Pharma Pulse 3/28/25: Medicare Costs Rise in 2025, How Improving Financial Management Directly Impacts Drug Pricing & more

The latest news for pharma industry insiders.

Medicare Advantage’s Market-Driven Approach Keeps Rural Oklahoma Seniors’ Healthcare Costs Under Control

U.S. Representative Kevin Hern, R-Oklahoma, is a former small business owner, so I know he understands the importance of a carefully managed budget.