Lederman, Debra; Olssen, Alexander L.; Pauly, Mark V. - National Bureau of Economic Research - 2025
This paper studies two major changes in the financing of Part D drugs for Medicare due to the Inflation Reduction Act (IRA). Effective 2025 it capped out of pocket (OOP) payments at $2000 per year, and effective 2026 it will pay lower prices (negotiated by Medicare) for 10 targeted costly and...