Drug Coverage under the Inflation Reduction Act<! mod to add author !>
The Inflation Reduction Act under the Biden Administration reduces drug costs, stabilizes the cost of insulin, lowers the cost of insulin, increases vaccine coverage, and more.
Here are some frequently asked questions about how the Inflation Reduction Act affects drug coverage under Medicare.
“Beginning January 1, 2023, people with Medicare drug coverage who take insulin will see their out of pocket costs capped at $35 for a month’s supply of each covered insulin product. “
“Starting January 1, 2023, Part D-covered adult vaccines recommended by the Advisory Committee on Immunization Practices (ACIP), including the shingles and Tetanus-Diphtheria-Whooping Cough vaccines, will be available with no deductible and no cost-sharing to people with Medicare prescription drug coverage.”
The CDC has a page discussing How to Pay for Vaccines for Adults. Scroll down to the Medicare section.