The Biden Administration and the Centers for Medicare and Medicaid Services (CMS) have unveiled a model drug payment program that will let people on Medicare get almost 150 different generic drugs for a copayment of $2 a month per drug.
Liz Fowler, PhD, JD, a deputy administrator of CMS and director of the SMC innovation Center told Verywell that CMS “is still exploring the specific design elements of the Medicare $2 Drug List, and the model has not been launched yet.”
The savings option will only apply to generic drugs and will only be available to people who pay for Medicare Part D plans that are participating in the program. The plan is also just being tested, so it’s not expected to be in place before the 2024 Medicare open enrollment period.
Read more here: https://www.verywellhealth.com/2-dollar-prescriptions-coming-for-medicare-beneficiaries-7152819