Medicare beneficiaries who take a lot of pricey medications will get a big break in 2025. That’s when the $2,000 annual cap on out-of-pocket costs for drugs bought at the pharmacy or through mail order takes effect. The limit is one of the 2022 Inflation Reduction Act’s most consequential provisions to lower prescription drug prices for Medicare enrollees.
https://www.cnn.com/2024/12/31/politics/medicare-drug-spending-cap/index.html
**** Jan. 20, 2025 Update – President Trump issued an executive order to rescind part of the Biden Administration’s efforts to lower healthcare costs, but the $2,000 annual out-of-pocket cap on prescription drugs wasn’t affected.
https://www.nbcnews.com/health/health-news/trump-reverses-biden-policies-drug-pricing-obamacare-rcna188555