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Stock impact report

Many Medicare Cancer Patients Now Have Much Lower Out-Of-Pocket Costs [Forbes]

IQVIA Holdings, Inc. (IQV) 
Last iqvia holdings, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.iqvia.com
Company Research Source: Forbes
When people think about the IRA's drug pricing measures, they're more likely to be familiar with the Medicare price negotiation aspect than the redesign of Medicare's outpatient drug benefit. The former entails Medicare's ability to negotiate prices of a select number of drugs. But the prices that apply to the first round of ten pharmaceuticals won't be implemented until next year. It's the wholesale restructuring of the pharmacy benefit that's far more comprehensive and already having an impact on Medicare recipients, especially beneficiaries who prior to 2024 incurred more than $3,300 in annual out-of-pocket costs. These include many cancer patients. Under the IRA law, annual out-of-pocket costs were capped at $3,300 in 2024 and lower still at $2,000 in 2025. Upon enactment of the Medicare Modernization Act in 2006, the federal government health insurance program for seniors and disabled added a prescription drug benefit called Part D. This meant that Medicare beneficiaries who c Show less Read more
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