Medicare Part B Inflation Rebate Takes Effect, Lowering Copays
By Emma Freer

The inflation rate remains high, but Medicare patients may find relief in lower-than-usual copays for certain Part B drugs. 

The Inflation Reduction Act, which President Joe Biden signed into law last August, requires drug companies to rebate Medicare for particular Part B drugs whose prices have increased faster than the rate of inflation. As of April 1, the federal law also may contribute to lower copays for Medicare patients, whose out-of-pocket costs now are capped at 20% of the inflation-adjusted drug price. 

“Under this provision, people with Medicare will no longer have to worry about sudden out-of-pocket price increases when drug companies raise prices faster than the rate of inflation,” said Meena Seshamani, MD, deputy administrator and director of the Center for Medicare, in a June 9 news release

You can find the current list of Part B drugs with inflation-adjusted prices on the Centers for Medicare & Medicaid Services website. It is updated quarterly.  

For the quarter April 1 to June 30, CMS had listed 20 Part B drugs with inflation-adjusted prices.   

CMS’ latest announcement lists reductions that will be in effect from July 1 to Sept. 30. 


Last Updated On

June 27, 2023

Originally Published On

April 05, 2023

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Emma Freer

Associate Editor

(512) 370-1383
 

Emma Freer is a reporter for Texas Medicine. She previously worked in local news, covering city politics, economic development, and public health. A native Clevelander, she graduated from Columbia Journalism School and the University of St. Andrews.

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