11 Million Medicare Part D Enrollees Expected To Reach $2,000 Out-Of-Pocket Cap

About 11.3 million (20%) of the 54 million Medicare Part D enrollees in 2025 are expected to reach the $2,000 out-of-pocket cap this year under the Inflation Reduction Act of 2022 (IRA). Those who reach the cap are projected to save $7.2 billion annually, for an average savings of $600 per enrollee, compared to what they would have spent without the cap. Among these enrollees, average out-of-pocket savings are even higher for those who do not receive financial assistance for their prescription drug costs, with savings totaling about $1,100 per enrollee in . . .