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Medicare Part D increasing slightly
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2TrakR
Posted 9/30/2024 08:19 (#10909700 - in reply to #10909587)
Subject: RE: Medicare Part D increasing slightly


Saginaw Bay Area - Michigan
Inflation Reduction Act caused this.

Current Administration proposing/planning to spend a few billion "right now" to "hide" that cost increase (something to do with elections?).

https://www.politico.com/news/2024/08/13/biden-adiminstration-medica...

"The jump in premiums is a consequence of efforts to reduce what older Americans pay for prescription drugs, part of the 2022 Inflation Reduction Act. Insurance companies are on the hook for what patients used to pay and are raising drug plan premiums to make up the difference."
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