Some Medicare beneficiaries will pay less out of pocket beginning next month for 27 prescription medications whose costs climbed faster than inflation late last year, according to the Department of Health and Human Services.
The statement came as President Joe Biden emphasized his attempts to reduce Citizens’ everyday costs in the face of higher-than-expected inflation.
How Much Medicare Beneficiaries Could Save?
Seniors’ cost share for the prescriptions, which are used by patients with cancer, fungal infections, acne, rheumatoid arthritis, chronic renal disease, and urinary tract infections, among other illnesses, could be reduced by $2 to $390 per typical dose.