Overview

• More than 1 million seniors will benefit from the $2,000 annual cap on prescription drug costs.
• The cap is expected to lower costs for over 3 million Medicare Part D beneficiaries by 2025.
• Savings will be most significant for those using high-priced, branded medications.
• By 2029, the cap will help 4.1 million seniors, with some saving over $3,000 annually.
• The initiative aims to provide financial relief and improve healthcare affordability for older Americans.