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Casey, Colleagues Send Letter Highlighting Lower Drug Costs for Seniors

Bob Casey

A group of 22 Senators, led by U.S. Senator Bob Casey (D-PA), has requested that the Biden Administration publicize information about the effect of the Inflation Reduction Act’s Medicare Part B inflation rebate on coinsurance in the program. The Senators are urging the Center for Medicare and Medicaid Services (CMS) to provide a list of common names of Medicare Part B medications that will be subject to a coinsurance reduction on April 1, 2023, as well as the percentage and amount of the coinsurance reduction for each Part B drug.

The Inflation Reduction Act (IRA) aims to protect Medicare beneficiaries who take Part B drugs, such as those used to treat cancer and rheumatoid arthritis, by penalizing inflated drug prices and lowering Part B cost sharing to combat the financial burden placed on patients. If the price Medicare faces for a Part B drug exceeds the amount that the drug would have cost if the manufacturer’s price only increased by the rate of inflation, beginning on April 1, 2023, a beneficiary’s coinsurance will be calculated based on 20 percent of the lower (inflation-adjusted) price.

The Senators’ letter is part of ongoing efforts by the Biden Administration to implement the Inflation Reduction Act’s drug pricing provisions. The group of Senators includes Ron Wyden (D-OR), Jon Tester (D-MT), Michael Bennet (D-CO), Amy Klobuchar (D-MN), Sherrod Brown (D-OH), Kirsten Gillibrand (D-NY), Catherine Cortez Masto (D-NV), Ben Cardin (D-MD), Tim Kaine (D-VA), Richard Blumenthal (D-CT), Joe Manchin (D-WV), Raphael Warnock (D-GA), Jeff Merkley (D-OR), Tammy Baldwin (D-WI), Mark Warner (D-VA), Tom Carper (D-DE), Peter Welch (D-VT), Sheldon Whitehouse (D-RI), Mark Kelly (D-AZ), Patty Murray (D-WA), and Chris Murphy (D-CT).

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Samuel R Welsh 1945-2024

Samuel was an avid sportsman all his life and enjoyed both playing sports and watching them on the television. He enjoyed playing golf.

Betty Marie Miller 1937-2024

Betty worked for 36 years in the Alumni office of The Mercersburg Academy. She enjoyed travel, knitting, and spending time with family and friends.

M Marie Trostle 1919-2024

She enjoyed sewing, baking, cooking, babysitting and crocheting. She especially enjoyed quilting, where she made over 40 quilts and gave them to her family.

John Harvey Hoffman 1941-2024

John enjoyed target shooting, fishing and was known for telling great stories. He was also very proud of his family and enjoyed spending as much time with them as possible.

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