President Biden announced a victory in allowing Medicare to negotiate lower prescription drug prices for the first time, potentially saving millions of families money. However, retirees will face higher Medicare Part B and Part D premiums in 2024, as announced by CNBC and YahooFinance. The IRS also revealed cost-of-living adjustments for retirement and health plans in 2024.
Together, these drugs cost Americans $3.4 billion in out-of-pocket costs in 2022. Now, Medicare can finally negotiate their prices. https://t.co/LVHa5Q5frQ
Why retirees may pay 'significant increases' in 2024 Medicare Part D drug premiums https://t.co/9G4RWI2clY
IRS Announces 2024 Cost-of-Living Adjustments for Retirement Plans and for Health and Welfare Benefit Plans https://t.co/T9aQxEBJe2
Retirees will pay more for Medicare Part B premiums in 2024. What to know about managing those costs https://t.co/gO2beS5qdO
I took on Big Pharma to allow Medicare to negotiate lower prescription drug prices for the first time ever. We won. That could put money back in the pockets of millions of families.