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Thursday, January 23, 2025

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Trump shuts off access to asylum, plans to send 10,000 troops to the border; Federal employees are told to name colleagues who work in DEI roles or risk adverse consequences; Jackson's office of violence prevention aims to revive communities, reduce crime; Hate crimes double in CA from 2019-2023; reporting low in rural areas; MN nurses: Patient care shouldn't come with a heavy dose of AI.

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Trump's pardons of January 6th participants spark mixed reactions, federal DEI suspensions raise equity concerns, diversity in medicine faces challenges post-affirmative action and Citizens United continues to amplify big money in politics.

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Winter blues? Alaskans cure theirs at the Cordova Iceworm Festival, Trump's energy plans will impact rural folks, legislation in Virginia aims to ensure rural communities get adequate EV charging stations, and a retreat for BIPOC women earns rave reviews.

With new caps, WI Medicare enrollees expected to save $1500 next year

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Tuesday, September 3, 2024   

Older Wisconsin residents struggling to manage prescription drug costs, have new data on how much they might save as a new federal rule kicks in early next year.

The Inflation Reduction Act, signed into law two years ago, includes several provisions designed to address affordability issues for people needing medications.

Most of the changes are meant to help Medicare enrollees. Starting January 1, the new rule will cap out-of-pocket drug costs at $2,000 annually for those under Medicare's Part D.

David Bowen, advocacy director for AARP Wisconsin, detailed the estimated savings.

"Medicare drug plan enrollees nationwide, who reach the new out-of-pocket cap," said Bowen, "will see an average savings of roughly $1,500, or 56%, in 2025."

At the state level, the analysis predicts these savings will benefit nearly 50,000 Wisconsinites next year.

Other IRA provisions have already kicked in, including a $35 cap on monthly insulin costs for Medicare recipients. Drug makers have criticized these changes, arguing they will hurt innovation.

Bowen said the pending out-of-pocket changes mean older people dealing with health issues, such as diabetes, will get much-needed relief when refilling their prescriptions.

Collectively, he said these moves should get to the core of the cost issue consumer advocates have been talking about for years.

"We have older Wisconsinites that are choosing either limiting their supply of their prescriptions," said Bowen, "or they literally are taking resources that are used to pay for other essentials to sometimes cover the cost."

Last month, the Biden administration unveiled price-reduction agreements for the first group of Medicare-covered drugs included in negotiations with manufacturers.

The lower cost of those drugs takes effect in 2026.



Disclosure: AARP Wisconsin contributes to our fund for reporting on Budget Policy & Priorities, Consumer Issues, Health Issues, Senior Issues. If you would like to help support news in the public interest, click here.


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