$2 prescriptions under Medicare

From Kiplinger

Individuals enrolled in Medicare could soon pay just $2 for their prescription medication. The U.S. Centers for Medicare & Medicaid Services recently released a sample list of 101 drugs it intends to offer under the Medicare $2 Drug List Model, which would establish a low, fixed (up to $2 for a month’s supply) copayment for a standard Medicare-defined list of generic drugs. The program could start as early as January 2027.

The Medicare $2 Drug List Model was initially announced in response to President Biden’s Executive Order 14087, “Lowering Prescription Drug Costs for Americans.” It’s one of three models the Secretary of Health and Human Services proposed to improve prescription drug affordability and access.

The other models focus on cell and gene therapy access and accelerating clinical evidence.

Here’s what Medicare recipients need to know about the preliminary list of $2 drugs.