Health care policy

Medicare Part D users may save $1,000 a year with out-of-pocket caps

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Medicare Part D users may save ,000 a year with out-of-pocket caps

Morsa Images | Digitalvision | Getty Images Retirees who are worried about the high costs of prescription drugs are set to get new relief starting in 2025. Starting in January, Medicare drug plan enrollees will have their annual out-of-pocket drug costs capped at $2,000. Between 2025 and 2029, on average, about 1.4 million participants in … Read more

Medical debt shows up on credit reports less

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Medical debt shows up on credit reports less

The share of people with medical debt in collections that shows up in their credit reports has fallen in the past decade. Yet unpaid balances due to health-care costs continue to burden individuals and families. In 2013, 19.5% of Americans had medical debt in collections, while 10 years later, in 2023, that share fell to … Read more