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House speaker vote update: Johnson wins showdown with GOP hard-liners; President Biden and the First Lady to travel to New Orleans on Monday; Hunger-fighting groups try to prevent cuts to CA food-bank funding; Mississippians urged to donate blood amid critical shortage; Rural telehealth sees more policy wins, but only short-term.

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Federal officials present more information about the New Orleans terrorist attack and the Las Vegas cybertruck explosion. Mike Johnson prepares for a House speakership battle, and Congress' latest budget stopgap leaves telehealth regulations relaxed.

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The humble peanut got its '15 minutes of fame' when Jimmy Carter was President, America's rural households are becoming more racially diverse but language barriers still exist, farmers brace for another trade war, and coal miners with black lung get federal help.

Tennessee seniors to benefit from Medicare prescription drug cap

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Tuesday, September 24, 2024   

Tennesseans on Medicare will see big savings next year thanks to the Inflation Reduction Act.

The Act caps prescription drug costs at $2,000 per year for people on Medicare, starting in 2025.

Nina Weiler-Harwell, associate director of advocacy and community engagement for AARP California, said every year from 2025 to 2029, between 3 million and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap.

"Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see an average savings of roughly $1,500 or 56% in 2025 for new prescription drugs," Weiler-Harwell explained.

More than 53,000 Tennessee Medicare Part D enrollees who do not qualify for the low-income subsidy are expected to hit the $2,000-dollar out-of-pocket spending cap next year, amounting to roughly 6.4% of all Tennesseans with a Medicare prescription drug plan, as reported in a recent AARP study.

Weiler-Harwell noted the Inflation Reduction Act introduced a number of new policies to cut costs for Americans on Medicare.

"Copays for insulin capped at $35 a month. Vaccines such as shingles and pneumonia are free," Weiler-Harwell outlined. "The Inflation Reduction Act did allow Medicare to negotiate the price of high-cost prescription drugs. But we won't really start to see that until 2026."

Also thanks to the Inflation Reduction Act, drug companies will have to pay a penalty if they raise their prices higher than the rate of inflation.


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CalFood is a program of the California Department of Social Services that allows food banks to purchase California-grown and produced foods to augment donations. (Nadianb/Adobe Stock)

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