Greater than 63 million People are coated by Medicare.
Right here’s the excellent news: By 2025, they’ll pay not more than $2,000 per yr for his or her medication.
Right here’s the unhealthy information: For these enrolled in conventional Medicare (about 35 million individuals) with out supplemental protection, there are not any caps on hospital or physician payments. That would imply catastrophic medical payments arising from catastrophic out-of-pocket bills.
Medicare Benefit, which is operated by medical health insurance firms, presents limits on out-of-pocket prices (at a higher premium price). Advocates are pushing to ascertain a cap for all providers underneath Medicare.