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Federal inquiry traces payments from Gaetz to women; a new Florida-Puerto Rico partnership poised to transform higher-ed landscape; MT joins Tribes to target Canadian mining pollution; Heart health plummets in rural SD and nationwide; CO working families would pay more under Trump tax proposals.

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Transgender rights in Congress, a historic win for Utah's youngest elected official, scrutiny of Democratic Party leadership, and the economic impact of Trump's tax proposals highlight America's shifting political and social landscape.

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The CDC has a new plan to improve the health of rural Americans, updated data could better prepare folks for flash floods like those that devastated Appalachia, and Native American Tribes could play a key role in the nation's energy future.

Report: MS seniors to benefit from Medicare drug price cap

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Monday, October 14, 2024   

Mississippians on Medicare could see big savings next year, as part of the Inflation Reduction Act.

More than 19,000 Mississippi residents will benefit from a new Medicare prescription drug spending cap starting January 1, according to a report from AARP.

Ronda Gooden, communications director with AARP Mississippi, said her organization advocated for the 2022 Prescription Drug Law - and predicts it will provide significant savings for Medicare enrollees across the country.

"They don't pay a dime over $2,000 next year for prescription drugs they get at the pharmacy," said Gooden. "It gives Mississippi seniors on Medicare drug plans some peace of mind, as they struggle to keep up with the rising costs for other everyday essentials - like their housing, their groceries, utilities."

Gooden pointed out that between 3 and 4 million people with Part D drug plans nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.

Gooden said the AARP report analyzes the number of enrollees who are expected to benefit from the prescription price cap by state, age, gender, and race, between 2025 and 2029.

"The findings indicate," said Gooden, "Medicare drug plan enrollees nationwide who reach the new out-of-pocket gap will see average savings of roughly $1,500 or 56%."

She added that more than three-quarters of Medicare drug plan enrollees affected by the new drug pricing next year are between ages 65 and 84.

The Inflation Reduction Act also requires drug companies to pay a penalty if they raise their prices higher than the rate of inflation.



Disclosure: AARP Mississippi contributes to our fund for reporting on Civic Engagement, Community Issues and Volunteering, Health Issues, Senior Issues. If you would like to help support news in the public interest, click here.


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