Inflation Reduction Act

The New Rx Law Brings Nine Major Changes to Medicare

Medicare’s prescription drug coverage will be transformed by provisions in the Inflation Reduction Act of 2022, which, for the first time, allow the program to negotiate prices of some medications with drug manufacturers, cap out-of-pocket costs for beneficiaries, and provide free vaccinations for Medicare enrollees.

Medicare Plan Finder Inaccurate For 2024: What You Need To Know

Medicare plan finder unlikely to reflect new out-of-pocket insulin cap of $35. Congress recently set the out-of-pocket cost of insulin for seniors at $35 per month, but the change arrived too late to be included in a crucial online tool known as the Medicare plan finder.