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Summary

Elderly Medicare Drug Savings

This is a news story, published by CBS News, that relates primarily to Biden news.

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Medicare drug plans
CBS News

CBS News

•

Medicare drug plans are getting better next year. Some will also cost more.

CBS News
Summary
Nutrition label

87% Informative

An annual enrollment period for Medicare beneficiaries to renew or switch drug coverage or to choose a Medicare Advantage plan began Oct. 15 and runs through Dec. 7 .

About 3.2 million people with Medicare prescription drug insurance whose out-of-pocket medication costs will be capped at $ 2,000 in 2025 .

The Biden administration estimates that about 18.7 million people will save about $7.4 billion next year .

The "donut hole" suspends coverage just as people face growing drug costs, forcing them to pay the plan's full price for drugs out-of-pocket.

Starting Jan. 1 , the redesigned drug benefit will operate more like other private insurance policies.

Coverage begins after patients pay a deductible, which will be no more than $590 next year .

VR Score

91

Informative language

93

Neutral language

28

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

16

https://kffhealthnews.org/news/article/medicare-open-enrollment-deadline-cost-of-not-choosing/https://www.kff.org/policy-watch/medicare-part-d-premiums-are-increasing-for-many-but-not-all-stand-alone-plans-in-2025-reflecting-effects-of-new-premium-stabilization-demonstration/https://www.kff.org/medicare/issue-brief/nearly-7-in-10-medicare-beneficiaries-did-not-compare-plans-during-medicares-open-enrollment-period/https://www.aarp.org/content/dam/aarp/ppi/topics/health/prescription-drugs/new-medicare-part-d-out-of-pocket-spending-cap-important-improvement-for-enrollees-facing-high-prescription-drug-costs.doi.10.26419-2fppi.00335.001.pdfhttps://kffhealthnews.org/about-ushttps://www.medicare.gov/plan-compare/?utm_source=google&utm_medium=paid_search&utm_campaign=pn-cmsoe2024-gm&utm_term=trafficdriving&utm_content=pn10152024_compare-medicare-plans&gad_source=1#/?year=2025&lang=enhttps://d1dth6e84htgma.cloudfront.net/letter_to_gao_requesting_review_of_proposed_demonstration_fc3014905c.pdfhttp://shiphelp.orghttps://www.kff.org/medicare/poll-finding/kff-health-tracking-poll-september-2024-support-for-reducing-prescription-drug-prices-remains-high/https://www.dol.gov/newsroom/economicdata/cpi_01112024.pdfhttps://www.cbo.gov/system/files/2024-10/Arrington_et_al_Letter_PartD_0.pdfhttps://investors.centene.com/2024-10-01-Wellcare-to-Offer-Medicare-Advantage-and-Medicare-Prescription-Drug-Plans-to-More-than-51-Million-Members-Nationwide-in-2025https://www.medicare.gov/basics/get-started-with-medicare/get-more-coverage/joining-a-plan/special-enrollment-periodshttps://kffhealthnews.org/news/dont-just-renew-your-medicare-plan-shopping-around-can-save-money/https://www.kff.org/about-ushttps://kffhealthnews.org/morning-briefing/

Source diversity

9

kffhealthnews.orgwww.kff.orgwww.aarp.orgwww.medicare.govd1dth6e84htgma.cloudfront.netshiphelp.orgwww.dol.govwww.cbo.govinvestors.centene.com

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