|Lower Out-of-Pocket Costs for Seniors Act
|Rep. Frank Pallone Jr.
Rep. Richard Neal
|NCPSSM supports this legislation.
Would lower prescription drug costs for Medicare beneficiaries under Medicare Part D by making permanent a provision in the Affordable Care Act that limits the growth of the annual out-of-pocket spending threshold. We estimate that unless Congress acts to maintain the current calculation of the out-of-pocket threshold it will increase from $5,100 in 2019 to $6,350 in 2020, meaning some Medicare beneficiaries would have much higher out-of-pocket spending for prescription drugs.