HC Statistics Health Reform Medicaid/Medicare Medicare Part D

Estimated impact of IRA on Medicare beneficiary out-of-pocket expenses

ASPE has a report out on the potential impact of the Inflation Reduction Act on Medicare Part D beneficiary out-of-pocket spending. This is a particularly relevant topic as the share of patients who have fallen into the catastrophic coverage has increased over time. Some of the medical conditions with the top out-of-pocket payments for Medicare beneficiaries are also listed below. ASPE estimates that IRA will reduce out-of-pocket spending by 14.9% overall, about $70 per Medicare beneficiary per year in 2024 and 29.6% (or $144) per year by 2025.