Medicare Beneficiaries' High Out-of-Pocket Costs

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More than one-fourth of all Medicare beneficiaries, 15 million people, spend 20 percent or more of their incomes on premiums plus medical care, including cost-sharing and uncovered services. Financial burdens and access gaps highlight the need to approach reform with caution.

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Vincent Rajkumar on X: Patients with cancers such as myeloma and CLL will benefit greatly from new changes: Out of pocket costs will be capped at $2000 starting 2025. A game changer.

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Andrea Ducas on X: Not enough people realize that Medicare Rx out-of-pocket costs are now capped. Next year, that cap will drop to $2k/year. Fully agree w #SOTU2024 call to extend that

How to Calculate Out-of-Pocket Medicare Costs