The Department of Health and Human Services (HHS) released a new report projecting that nearly 19 million seniors may save about $400 per year on prescription drug costs when the $2,000 out-of-pocket prescription drug spending cap from the Inflation Reduction Act (IRA) goes into effect in 2025.
Whether the nation’s seniors actually see those savings, however, depends on several factors that may thwart the IRA’s intent, including industry pushback and efforts by