Biden administration officials are projecting that seniors on Medicare Part D will save hundreds of millions of dollars on vaccines because of the 2022 reconciliation bill, also known as the Inflation Reduction Act (IRA).
Notably, the estimates don’t include COVID-19 vaccines, which fall under Medicare Part B.
“The law makes many recommended vaccines free for Medicare beneficiaries,” said Susan Rice, the administration’s domestic policy czar, in a March 14 call with reporters.
On March 15, the Department of Health and Human Services (HHS) released a study of the IRA’s financial impact on seniors who have Medicare Part D.
Under the law, those older adults won’t have to pay out of pocket for many common vaccines, including the vaccines for shingles, tetanus, hepatitis A, and hepatitis B….