I’m still getting all my medications for $10 apiece for 90 days without Part D. Most formularies and tier 3/4 drugs are way cheaper on line than Part D, and you don’t have to pay a premium!
You can't cut out the drug manufacturers. That's a little like capping payments to doctors or engineers. Who do you think you are to curtail payment to the only people actually DOING anything?
It is just another government overreach that will eventually bite us all in the ass. The pharmaceutical companies will simply quit making new drugs. According to Science.org, "the US leads in the discovery of approved drugs, by a wide margin (118 out of the 252 drugs). Then Japan, the UK and Germany are about equal, in the low 20s each. Switzerland is in next at 13, France at 12, and then the rest of Europe put together adds up to 29. Canada and Australia put together add up to nearly 7, and the entire rest of the world (including China and India) is about 6.5, with most of that being Israel. " So when you cut the incentive to produce new drugs, you will not get new drugs.
I was looking forward to not having a $9000 co-pay this year, but instead all 15 Medicare D drug plans in my zip code made my expensive drug non- formulary. So if I choose to stay on it, it will cost $120000 instead of $9000. So the IRA made things worse for me. But, if I change to a Medicare Advantage Plan it would be covered.
Who paid the 1 billion dollars that the beneficiaries didn’t?
I’m still getting all my medications for $10 apiece for 90 days without Part D. Most formularies and tier 3/4 drugs are way cheaper on line than Part D, and you don’t have to pay a premium!
You can't cut out the drug manufacturers. That's a little like capping payments to doctors or engineers. Who do you think you are to curtail payment to the only people actually DOING anything?
It is just another government overreach that will eventually bite us all in the ass. The pharmaceutical companies will simply quit making new drugs. According to Science.org, "the US leads in the discovery of approved drugs, by a wide margin (118 out of the 252 drugs). Then Japan, the UK and Germany are about equal, in the low 20s each. Switzerland is in next at 13, France at 12, and then the rest of Europe put together adds up to 29. Canada and Australia put together add up to nearly 7, and the entire rest of the world (including China and India) is about 6.5, with most of that being Israel. " So when you cut the incentive to produce new drugs, you will not get new drugs.
My drug costs are zero thanks to the IRA and Part D 😊
Overall, pharmaceutical expenses in the US grew 7.7% in 2021, for a total of $576.9 billion.
I was looking forward to not having a $9000 co-pay this year, but instead all 15 Medicare D drug plans in my zip code made my expensive drug non- formulary. So if I choose to stay on it, it will cost $120000 instead of $9000. So the IRA made things worse for me. But, if I change to a Medicare Advantage Plan it would be covered.