Fact sheet (United States. Department of Health and Human Services. Office of the Assistant Secretary for Planning and Evaluation. Office of Health Policy) and Inflation Reduction Act research series
Contributor(s):
United States. Department of Health and Human Services. Office of the Assistant Secretary for Planning and Evaluation. Office of Health Policy, issuing body.
Publication:
Washington, D.C. : Office of the Assistant Secretary for Planning and Evaluation, Office of Health Policy, 2023
The Inflation Reduction Act (IRA) is helping people with Medicare, including the 2.1 million Medicare Part D enrollees who identify as Asian. Our review shows that in 2020, about 31,000 Asian enrollees would have benefited from the IRA’s $35 insulin cap and in 2021, about 159,000 enrollees would not have had any out-of-pocket costs for recommended Part D covered adult vaccines. Under the IRA’s Part D redesign, about 33,800 Asian Medicare enrollees who do not receive financial assistance are projected to save $1,000 or more in 2025. Additional benefits are expected for this population from other IRA drug-related provisions.
Copyright:
The National Library of Medicine believes this item to be in the public domain. (More information)