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Starting Jan 1, 2025, out-of-pocket drug costs capped at $2,000 yearly for Medicare beneficiaries.
The 'donut hole' coverage gap is eliminated; no more surprise mid-year cost spikes.
Monthly payment option lets retirees spread costs over 12 months, easing budgeting for those on fixed incomes.
Cap especially benefits those with chronic conditions; some previously paid $6,000–$10,000 yearly for prescriptions.
National out-of-pocket spending could drop by billions in 2025, reducing senior debt and boosting financial stability.

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