It’s Time to Shop for Medicare, and 2025 Brings Big Changes

Published On Nov 2, 2024, 5:02 AM

The Medicare program is undergoing significant changes for 2025, enhancing prescription drug benefits due to the Inflation Reduction Act. Key changes include a $2,000 cap on out-of-pocket spending for covered drugs, providing financial relief to seniors on costly medications. With these modifications, it's essential for Medicare beneficiaries to review their coverage options before the enrollment deadline on December 7, as some plans may not remain suitable due to potential premium or deductible increases and changes in covered drugs.

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Investors should consider companies that stand to benefit from increased Medicare spending and changes in drug pricing structures. Pharmaceuticals and biotech firms with innovative therapies could see increased demand as seniors benefit from improved coverage, particularly those treating high-cost conditions.

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