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Medicare's new $2,000 cap on out-of-pocket drug costs could save enrollees thousands, AARP says

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AARP: Most Medicare patients who hit the new $ 2,000 cap on out-of-pocket spending for prescription drugs could see significant savings.

The cap could be a huge benefit to older adults in Medicare who struggle to afford high-cost drugs for cancer, rheumatoid arthritis and other serious conditions.

It is one of the most consequential provisions in President Joe Biden's 2022 Inflation Reduction Act .