skip to main content
skip to newscasts

Wednesday, April 23, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Marco Rubio unveils massive State Dept. overhaul with reductions of staff and bureaus; Visas revoked, status changed for international students in TX; Alaska lawmakers work to improve in-school mental health care; Montana DEQ denies Big Hole River decision, cites law opposed by EPA; Indiana moves to regulate legal THC sales and branding.

view newscast page
play newscast audioPlay

White House defends Secretary Hegseth amid media scrutiny, federal judges block efforts to dismantle U.S. international broadcasters, and major restructuring hits the State Department and rural programs.

view newscast page
play newscast audioPlay

Schools in timber country face an uncertain future without Congress' reauthorization of a rural program, DOGE cuts threaten plant species needed for U.S. food security, and farmers will soon see federal dollars for energy projects unlocked.

Report: New prescription drug cap for Medicare means big savings

play audio
Play

Tuesday, September 3, 2024   

Hundreds of thousands of older Californians will see huge savings on prescription drugs starting in January, according to a new report from AARP.

The Biden administration's Inflation Reduction 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 an estimated 271,000 people in the Golden State will hit the out-of-pocket maximum next year.

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

On average, 40% of people on Medicare who reach the cap will save at $1,000 a year. And 12% will see savings of more than $3,000.

Every year from 2025 to 2029, between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap.

Weiler-Harwell said 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," said Weiler-Harwell. "Vaccines such as shingles and pneumonia are free. 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 IRA, drug companies will have to pay a penalty if they raise their prices higher than inflation.



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


get more stories like this via email
more stories
In Cleveland, more than 90% of homes were built before 1978, the year lead-based paint was banned for residential use. (Adobe Stock)

play sound

As Cleveland tightens its air quality standards for the first time since 1977, health officials are urging residents to take simple steps at home to …


Social Issues

play sound

A bus tour will zip through eastern South Dakota Thursday, where local leaders, health care providers and farm voices want to connect the dots …

Environment

play sound

Montana officials have denied a petition asking the state to designate the Big Hole River as "impaired" by pollution. Two conservation groups …


Many international students have said they did not know their visas were revoked, or that their status had been changed, until they were notified by federal officials. (Mediteraneo/Adobe Stock)

Social Issues

play sound

Hundreds of international college students in Texas are fighting to stay in the country after their visas were revoked and their legal status changed …

Health and Wellness

play sound

Colorado has made significant improvements in connecting young people with the mental health care they need, according to the mental health advocacy …

From 2021 to 2022, the Department of Energy tripled its funding for agrivoltaics, including $8 million for a new program studying how solar panels can benefit farmers and rural areas. (pkproject/Adobe Stock)

Environment

play sound

Results of a new study from Michigan State University suggest farmers no longer have to choose between growing crops and harnessing solar power…

Social Issues

play sound

Pennsylvanians over age 50 are voicing concerns about the Department of Government Efficiency plans to cut 7,000 jobs from the U.S. Social Security …

Health and Wellness

play sound

Nebraska lawmakers are considering a bill to ensure managed health care companies cannot limit the state reimbursement rate for mental health service …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021