But advocates for seniors applauded what the new lawdoescontain.
The IRA will help ensure fewer people face these impossible choices.
Heres whereand whenAmericans can expect to start seeing savings on health care costs.
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The cap will be especially helpful for people who take expensive drugs for life-threatening conditions, such as cancer.
Individuals wont see that money, though.
The money goes to Medicare to help cover costs.
More drugs will be up for negotiation each year for a total of 60 drugs by 2029.
Even then, though, they must a 5% coinsurance rate on any drugs theyre prescribed.
The new law eliminates that coinsurance beginning in 2024.
This provision does not apply to those who only have private insurance or no insurance.
The Medicaid coverage gap is particularly concerning for many health policy experts.
The real heartbreaker for me is the coverage gap.
But a lot of folks in these states will continue to wait for a while.
