skip to main content
skip to newscasts

Wednesday, October 9, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Hurricane Milton makes landfall near Siesta Key; expected to remain a hurricane as it moves across central FL; Groups file an emergency lawsuit to reopen FL voter registration amid hurricanes; ND wildfires: Heavy damage to cropland; importance of early warnings; Report: 67 PA counties boom for low unemployment, job growth, wage increase.

view newscast page
play newscast audioPlay

President Biden denounces disinformation about federal disaster response. Experts address concerns about how hurricanes impact voting, and activists left and right question VP Harris' stance on meat.

view newscast page
play newscast audioPlay

Hurricane Helene has some rural North Carolina towns worried larger communities might get more attention, mixed feelings about ranked choice voting on the Oregon ballot next month, and New York farmers earn money feeding school kids.

With new caps, WI Medicare enrollees expected to save $1500 next year

play audio
Play

Tuesday, September 3, 2024   

Older Wisconsin residents struggling to manage prescription drug costs, have new data on how much they might save as a new federal rule kicks in early next year.

The Inflation Reduction Act, signed into law two years ago, includes several provisions designed to address affordability issues for people needing medications.

Most of the changes are meant to help Medicare enrollees. Starting January 1, the new rule will cap out-of-pocket drug costs at $2,000 annually for those under Medicare's Part D.

David Bowen, advocacy director for AARP Wisconsin, detailed the estimated savings.

"Medicare drug plan enrollees nationwide, who reach the new out-of-pocket cap," said Bowen, "will see an average savings of roughly $1,500, or 56%, in 2025."

At the state level, the analysis predicts these savings will benefit nearly 50,000 Wisconsinites next year.

Other IRA provisions have already kicked in, including a $35 cap on monthly insulin costs for Medicare recipients. Drug makers have criticized these changes, arguing they will hurt innovation.

Bowen said the pending out-of-pocket changes mean older people dealing with health issues, such as diabetes, will get much-needed relief when refilling their prescriptions.

Collectively, he said these moves should get to the core of the cost issue consumer advocates have been talking about for years.

"We have older Wisconsinites that are choosing either limiting their supply of their prescriptions," said Bowen, "or they literally are taking resources that are used to pay for other essentials to sometimes cover the cost."

Last month, the Biden administration unveiled price-reduction agreements for the first group of Medicare-covered drugs included in negotiations with manufacturers.

The lower cost of those drugs takes effect in 2026.



Disclosure: AARP Wisconsin contributes to our fund for reporting on Budget Policy & Priorities, Consumer Issues, Health Issues, Senior Issues. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
Hurricane Milton grew to become a major hurricane on the morning of Oct. 7, 2024. (AWS S3 Explorer/Wikimedia Commons)

Social Issues

play sound

As powerhouse Hurricane Milton nears the Florida coastline, communities in the Tampa Bay area are extending relief efforts initially launched for …


Environment

play sound

By Matt Vasilogambros and Kevin Hardy for Stateline.Broadcast version by Kathleen Shannon for California News Service reporting for the Solutions Jour…

Environment

play sound

By Erik Hoffner for Mongabay.Broadcast version by Kathryn Carley for Maine News Service reporting for the Solutions Journalism Network-Public News Ser…


According to the Prison Policy Institute, Illinois's incarceration rate of 433 per 100,000 people ranks the state as having nearly the highest lockup rate of any democratic country. (Adobe Stock)

Health and Wellness

play sound

Two specific types of cancer are showing up in high numbers among people in jail and prison and Illinois is no exception. A new study found a lack …

Social Issues

play sound

New data show many Connecticut residents can't afford daily life. This year's ALICE update shows the number of asset-limited, income-constrained …

Lt. Gov. Penny Flanagan, DFL-Minn., could become the first Native American woman to serve as governor if the Harris-Walz ticket wins the White House. (Office of the Governor)

Social Issues

play sound

It is the first day of early voting in Arizona and both presidential hopefuls will be making their cases to voters. Gov. Tim Walz, DFL-Minn.…

Social Issues

play sound

Immigration boosts the economy - in Colorado and across the U.S. But new policies are needed to maximize gains and make it harder for employers to …

Health and Wellness

play sound

In Ohio, the effects of domestic violence continue to devastate families. The Ohio Domestic Violence Network released its ninth annual fatality …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021