This year, Medicare Part D enrollees should pay particularly close attention to changes in 2024 prescription drug coverage costs resulting from provisions of the Inflation Reduction Act (IRA).| medicareresources.org
Under the new law, Medicare beneficiaries will see a series of prescription drug-pricing provisions phased in – mostly over the next several years| medicareresources.org
"We should be addressing this in a more serious fashion than we are," Sen. Bill Cassidy, R-La., said.| Healthcare Dive
The Inflation Reduction Act includes several provisions that will lower prescription drug costs for people with Medicare and reduce drug spending by the federal government. This brief summarizes these provisions and discusses the expected effects on people, program spending, and drug prices and innovation.| KFF