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Lower Drug Costs for Low-Income Medicare Beneficiaries

This bill aims to reduce prescription drug costs for low-income individuals enrolled in Medicare Part D. Starting in 2024, copayments for generic drugs will be eliminated, and copayments for other drugs will be frozen at 2023 levels, with minor adjustments thereafter. This will help seniors and those with lower incomes pay less for their prescriptions, improving access to essential medications.
Key points
Beginning in 2024, low-income individuals in Medicare Part D will pay $0 for generic drugs.
Copayments for other drugs under Medicare Part D for low-income individuals will be frozen at 2023 levels, with future increases tied only to inflation.
These changes are designed to ease the financial burden of prescription drug costs for the most vulnerable Medicare beneficiaries.
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Additional Information
Cutting Copays Act
Print number: HR 5386
Sponsor: Rep. McGarvey, Morgan [D-KY-3]
Process start date: 2023-09-12