Celebrate Medicare’s Out-of-Pocket Cap on Prescription Drugs

Starting in January 2025, millions of Medicare beneficiaries will benefit from a long-overdue change: a $2,000 annual cap on out-of-pocket costs for prescription drugs at the pharmacy. This transformative cap, established under the Inflation Reduction Act, brings peace of mind to seniors who have faced burdensome costs for life-saving medications.

Before this law, Medicare enrollees had no maximum limit on their drug expenses, leaving many struggling to afford critical treatments. Now, over 3 million beneficiaries will save significant amounts, with some seeing annual savings of $1,000 or more.

This monumental change follows other impactful provisions of the Inflation Reduction Act, including a $35 monthly insulin cap, free vaccines for Medicare recipients, and Medicare's ability to negotiate drug prices.

Let’s celebrate this milestone in ensuring affordable healthcare for seniors! Sign this petition to thank the policymakers who prioritized the well-being of older Americans and urge continued action to make healthcare accessible and equitable for all.