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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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--primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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--primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</title> <meta name="page_title" content="New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors"/> <meta name="robots" content="noindex, nofollow"/> <meta content="Pills spilling out of a prescription bottle on 100 dollar paper currency Michael Quirk AARP has released a report that shows an estimated 55,500 of" name="description"/> <meta content="New, AARP, Report, Impact, of, Historic, Medicare, RX, Out, Pocket, Spending, Cap, on, Missouri, Seniors" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/missouri/new-aarp-report-impact-of-historic-medicare-rx-out-of-pocket-spending-cap-on-missouri-seniors" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/new-aarp-report-impact-of-historic-medicare-rx-outofpocket-spending-cap-on-missouri-seniors-mo-2024-08-30.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors"/> <meta name="twitter:description" content="Savings Possible Thanks to the Prescription Drug Law Championed by AARP"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/1ed335d/2147483647/strip/true/crop/2720x1749+0+29/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F64%2F9b%2F6a7c1c2e65549322bf6561a9dd56%2Fistock-000036502564large.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors"/> <meta property="og:description" content="Savings Possible Thanks to the Prescription Drug Law Championed by AARP"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/1ed335d/2147483647/strip/true/crop/2720x1749+0+29/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F64%2F9b%2F6a7c1c2e65549322bf6561a9dd56%2Fistock-000036502564large.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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AARP has released a report that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.
The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.
See the full report for a detailed breakdown of the cap’s impact by state.
Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”
Other findings from the report include:
· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.
· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia
· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.
Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”
To learn more about AARP’s work to lower prescription drug prices, visit How High Rx Prices Hurt.
This story is provided by AARP Missouri. Visit the AARP Missouri page for more news, events, and programs affecting retirement, health care, and more.
Saturday, Feb 15, 2025 at 9:00 a.m. CT
Klondike Park
Augusta, MO
Friday, Dec 27, 2024 at 12:00 p.m. CT
Zoom
Online Event
Friday, Dec 27, 2024 at 5:00 p.m. CT
Zoom
Online Event
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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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--primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. 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--primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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--primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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--primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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--primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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--primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">New AARP Report: Impact of Historic Medicare RX Out-of-Pocket Spending Cap on Missouri Seniors</h1></header> <div class="posted-on"> Posted on 08/30/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/64/9b/6a7c1c2e65549322bf6561a9dd56/istock-000036502564large.jpg" alt="AARP Wyoming-Med Ex picture" width="2720" height="1807"/> <figcaption class="Figure-caption">Pills spilling out of a prescription bottle on 100 dollar paper currency</figcaption> <div class="Figure-credit">Michael Quirk</div> </figure> </div> </div><p>AARP has released a <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/health/medicare-insurance/info-2024/drug-costs-report.html" target="_blank" rel="noopener noreferrer">report</a></span></span> that shows an estimated 55,500 of Missourians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">report</a></span></span> analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdf" target="_blank" rel="noopener noreferrer">See the full report for a detailed breakdown of the cap’s impact by state.</a></span></span><br><br>Craig Eichelman, AARP Missouri State Director, explained, “AARP worked diligently for the 2022 prescription drug law because we knew it would deliver essential relief to Medicare enrollees in Missouri and nationwide by reducing drug prices and out-of-pocket expenses. With the new law ensuring that no one will pay more than $2,000 next year for prescription drugs from the pharmacy, Missouri seniors on Medicare drug plans can find some comfort amidst the rising costs of other everyday necessities such as housing, groceries, and utilities. AARP Missouri, which serves nearly 700,000 members aged 50 and older in the state, recognizes the importance of this relief.”<br><br>Other findings from the report include:<br><br>· Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including more than 54,500 here in Missouri.<br><br>· By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states, plus the District of Columbia<br><br>· More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.<br><br>Eichelman stated, “Capping the annual costs of prescription drugs for Medicare beneficiaries complements other significant cost-saving measures, including the $35 monthly cap on insulin co-pays and the elimination of charges for many vaccines, such as those for shingles and pneumonia.”<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br><br></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Missouri. Visit the <a href="https://states.aarp.org/region/missouri/" target="_blank">AARP Missouri</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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} </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP Missouri Facebook Page" title="Image of AARP Missouri Facebook Page" data-href="https://www.facebook.com/aarpmissouri" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/aarpmissouri" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmissouri">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP<br />Missouri</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:MOAARP@aarp.org " target="_blank" rel="noopener">MOAARP@aarp.org </a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/missouri/" target="_blank" rel="noopener">AARP Missouri</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/missouri/contact-aarp-missouri-2/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-JEFFERSONCITY-MO" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmissouri" target="_blank" rel="noopener" aria-label="Open Facebook"><img alt="Facebook icon" title="Facebook icon" src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png"></a> <a href="https://twitter.com/aarpmissouri" target="_blank" rel="noopener" aria-label="Open Twitter"><img alt="Twitter icon" title="Twitter icon" src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png"></a> <a href="https://www.instagram.com/aarpmontana/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); 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