Look at these savings ➡️ In 2021, 3.4 million Medicare Part D enrollees spent $234 million in out-of-pocket costs for vaccines but would now pay $0 in 2023 and in the future thanks to InflationReductionAct! Read more about savings here:
Eliminating out-of-pocket costs in Medicare Part D for recommended vaccines including shingles and others is bringing cost savings to consumers and is likely to increase vaccine uptakeshowing that in 2021, 3.4 million people with Medicare paid $234 million in out-of-pocket costs for recommended vaccines covered under Medicare Part D.
“The Biden-Harris Administration is committed to lowering health care costs and increasing access to high-quality, affordable health care, and President Biden’s new lower-cost prescription drug law is helping us deliver,” said HHS Secretary Xavier Becerra. “Thanks to this historic law, most people with Medicare won’t have any out-of-pocket costs for many vaccines that can protect them against disease and severe illness.
The new report also provides information on savings by state and by demographic characteristics, including gender, race and ethnicity, and age. About 3.4 million Medicare Part D enrollees received a Part D covered vaccine, paying a total of $234 million in out-of-pocket costs in 2021, or approximately $70 per beneficiary. The majority of enrollees who received a vaccine were immunized for shingles , with each patient paying an average of $77 in out-of-pocket costs, followed by Tdap . Some Medicare beneficiaries had to pay almost $200 for the shingles vaccine before the Inflation Reduction Act’s free vaccine provision went into effect.
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