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JULY 12, 2023

ASPE: IRA Could Save Some Seniors $400 Per Year in Prescription Drug Costs


Originally published by our sister publication Pharmacy Practice News

By Marie Rosenthal

The Department of Health and Human Services released a new report projecting that nearly 19 million seniors may save about $400 per year on prescription drug costs when the $2,000 out-of-pocket prescription drug spending cap from the Inflation Reduction Act goes into effect in 2025.

The report analyzed the possible effects from the IRA, which allows Medicare to negotiate prescription drug prices, as well as