The Inflation Reduction Act is already helping Wisconsinites! A new report shows just how much we’re saving on prescription drug costs and it’s pretty impressive.
Here’s Five Fast Facts On Prescription Drug Prices in Wisconsin:
- 🤮 Take With Food - The Inflation Reduction Act allows Medicare to negotiate prices for expensive drugs. It also provides seniors and people with disabilities who have Medicare with new protections against high prescription costs.
- 💉May Cause Drowsiness - Tens of thousands of Wisconsin seniors are already saving from the law’s cap on insulin costs and vaccines. By way of comparison, they spent an average of $628 per person on their insulin costs in 2020.
- 💊 Do Not Operate Heavy Machinery - As for prescription drugs, the changes to those benefits should save 234,000 Wisconsin Medicare Part D enrollees a total of $66M.
- 🤒 May Cause Constipation - The law caps Medicare beneficiary out-of-pocket costs in Part D at $2,000 a year. The annual cap on out-of-pocket prescription drug costs is expected to save 299,000 Wisconsin Medicare Part D enrollees a total of nearly $142M.
- 🤮 Do Not Drink Alcoholic Beverages - Last but not least, nearly 300,000 of us cheeseheads will be pocketing an average of $475 extra every year on prescription meds starting next year. That's a lot of extra cheese for your mac 'n' cheese!
🔥Bottom line: Being sick is no joke, especially when it hits your wallet. With these savings, Wisconsinites can breathe a little easier knowing they can afford the meds they need to stay healthy.
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