By 2029, this number will increase to 4.1 million (9.6 percent) enrollees.
The analysis also found that the impact of the new Part D out-of-pocket cap will vary by demographic characteristics.
New Medicare Part D Out-Of-Pocket Spending Cap is an Important Improvement for Enrollees Facing High Prescription Drug Costs
Rising drug prices have placed increased pressure on Medicare Part D, and the resulting cost-sharing burdens have caused millions of older adults to engage in cost-coping strategies, such as not filling a prescription or skipping doses to save money.
