Biden’s Drug Cost Cap to Save Millions Average $1,500: Analysis

TL/DR –

The Biden administration’s cap on out-of-pocket drug costs will save millions of Medicare beneficiaries an average of $1,500 in 2023, according to an analysis by Avalere Health. The cap is part of the Build Back Better Act, which is currently being considered in the Senate. The analysis also found that total out-of-pocket costs for beneficiaries would decrease by approximately $57 billion over 10 years.

Biden’s Drug Cost Cap will Save Millions $1,500 on Average in Coming Year: Analysis

The latest Analysis reveals that the Biden administration’s cap on drug costs will give significant savings to millions of Americans. A promising reduction of $1,500 on average is expected by the coming year.

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