Many Unsure of Role of Inflation Reduction Act as Medicare Vaccine Uptake Increases

ASPE Report Highlights Impact of IRA on Part D-covered Vaccines

The U.S. Department of Health and Human Services Office of the Assistant Secretary for Planning and Evaluation (ASPE) recently unveiled new data showcasing the positive effects of the Inflation Reduction Act (IRA) on the uptake of Part D-covered vaccines. According to the report, beneficiaries saved more than $400 million in 2023.

Key Findings of the Report

Since January 2023, the IRA has made recommended Part D vaccines free for enrollees, resulting in a significant increase in vaccine uptake. The data indicates a 42% rise in shingles vaccine uptake and a 114% surge in Tdap vaccine uptake. Additionally, over 6 million beneficiaries received the newly available RSV vaccine without any cost sharing.

Implications of the IRA Provisions

The surge in vaccine uptake mirrors the increase in insulin fills following the implementation of the IRA’s $35 monthly cap on covered products. These updates underscore the importance of the IRA’s critical reforms.

Public Awareness and Understanding

While the data demonstrates the positive impact of the IRA on millions of Medicare beneficiaries, a significant portion of the population remains unaware of the law’s provisions. A recent KFF tracking poll revealed low awareness levels among registered voters and Medicare-age voters about various IRA reforms.

Increasing Awareness Through Information

The numbers have shown a slight improvement since the last tracking poll, possibly influenced by news reports about litigation related to the IRA reforms. As more IRA provisions come into effect, such as the $2,000 out-of-pocket cap in Part D starting in 2025, awareness is expected to increase.

Call to Action

Medicare Rights commends the IRA changes and urges Congress to build upon them to enhance access to quality care. For assistance with navigating or affording Medicare, individuals can reach out to Medicare Rights’ national helpline at 800-333-4114 or contact their local State Health Insurance Assistance Program (SHIP).

Read the ASPE report.

Read the KFF tracking poll.

Read more about the IRA’s Medicare reforms.

Read More of this Story at – 2024-05-16 19:58:22

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