Projected impacts for Black Medicare enrollees

Projected impacts for Black Medicare enrollees

Collection:
Health Policy and Services Research
Series Title(s):
Fact sheet (United States. Department of Health and Human Services. Office of the Assistant Secretary for Planning and Evaluation. Office of Health Policy) and Inflation Reduction Act research series
Contributor(s):
United States. Department of Health and Human Services. Office of the Assistant Secretary for Planning and Evaluation. Office of Health Policy, issuing body.
Publication:
Washington, D.C. : Office of the Assistant Secretary for Planning and Evaluation, Office of Health Policy, September 25, 2023
Language(s):
English
Format:
Text
Subject(s):
Black or African American
Cost Savings
Drug Costs -- legislation & jurisprudence
Forecasting
Medicare Part D -- economics
Medicare Part D -- legislation & jurisprudence
United States
United States.
Genre(s):
Technical Report
Abstract:
The Inflation Reduction Act (IRA) is helping people with Medicare, including the 5.8 million Medicare Part D enrollees who identify as Black. Our review shows that in 2020, about 158,000 Black enrollees would have benefited from the IRA’s $35 insulin cap and in 2021, about 266,000 enrollees would not have had any out-of-pocket costs for recommended Part D covered adult vaccines. Under the IRA’s Part D redesign, about 107,000 Black enrollees who do not receive financial assistance are projected to save $1,000 or more in 2025. Additional benefits are expected for this population from other IRA drug-related provisions.
Copyright:
The National Library of Medicine believes this item to be in the public domain. (More information)
Extent:
1 online resource (1 PDF file (9 pages)).
NLM Unique ID:
9918751486206676 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/9918751486206676