The bill S. 4229, titled the “Reducing Drug Prices for Seniors Act,” aims to change how coinsurance for prescription drugs under Medicare Part D is calculated. Specifically, starting in 2025, the coinsurance amount will be based on the drug's net price, which is the price...
Simple Explanation
The bill wants to make sure that starting in 2025, older people who need medicine under Medicare will pay less because their costs will be based on a smaller price, like a sale price, instead of the big regular price.