August 29, 2024
On August 28, AARP released a report that shows an estimated 40,050 of Minnesotans on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025.
The savings are made possible by a provision in the 2022 prescription drug law that AARP championed that caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.
The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.
Other findings from the report include:
Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, which equals 40,050 in Minnesota.
More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.
AARP Minnesota serves more than 620,000 members age 50 and older in the state.
October 9, 2025
The MMA is partnering with Hennepin Healthcare to offer an in-person session on “Supporting Patients, Families, and Professionals in the Aftermath of Crisis” on October 21 from 6 to 8 pm in Room RL110 at the HCMC Red Building, 730 South 8th Street, in Minneapolis.
October 9, 2025
The MMA, in partnership with the Wisconsin Medical Society, will lead a panel discussion titled "The Role of Medical and Professional Societies in Supporting Clinicians and Community Health" at the Transforming Community and Rural Healthcare 2025: Bold Innovation and Partnerships symposium, to be held on October 27-28, at the Mayo Civic Center in Rochester.
October 2, 2025
The federal government shutdown will affect the Minnesota healthcare system in several important ways.