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[EXTERNAL LINK] - Inflation Reduction Act is causing 'dramatic' rise in Medicare premiums, experts say
But it's not just that the Inflation Reduction Act failed to stop the jump in Part D premiums. It may actually be causing it.
In particular, the law sets a $2,000 cap on how much Medicare recipients spend out of pocket on drugs per year. For seniors with the biggest medical bills — for example, those dependent on expensive cancer drugs — this measure is "revolutionary," Johnson has said. But the money to cover the rest of those bills must come from somewhere, and insurers appear to be getting it from the seniors themselves.
But it's not just that the Inflation Reduction Act failed to stop the jump in Part D premiums. It may actually be causing it.
In particular, the law sets a $2,000 cap on how much Medicare recipients spend out of pocket on drugs per year. For seniors with the biggest medical bills — for example, those dependent on expensive cancer drugs — this measure is "revolutionary," Johnson has said. But the money to cover the rest of those bills must come from somewhere, and insurers appear to be getting it from the seniors themselves.