MarketWatch.com - Top Stories3d ago
A new bill would cap Medicare enrollees’ annual expenses at $5,000 — and could cost the government ‘tens of billions’AIneutral
A proposed bill would limit Medicare beneficiaries' out‑of‑pocket costs to $5,000 per year, providing broader expense protection for seniors. The legislation could cost the federal government tens of billions of dollars if enacted.
Impact: The cap is likely to boost demand for health insurers and pharmaceutical companies that serve Medicare patients.
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