The Inflation Reduction Act (IRA) promised to keep Medicare Part D plan premium increases to at most six percent each year.
However, that cap doesn’t apply to the total premium paid, leading to the biggest increase in premiums ever despite enrollees having the least number of plans to choose from. Just how big of an increase and how few plans depend on where you live.
This resource provides a snapshot of the IRA’s impact in the states from 2023 – 2025.
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