PAN Foundation welcomes new Medicare Part D cap and Medicare Prescription Payment Plan, emphasizes importance of education
Today, the PAN Foundation expressed support for two new Medicare Part D reforms that went into effect on January 1, 2025, as a result of the Inflation Reduction Act—a $2,000 annual out-of-pocket cap and the Medicare Prescription Payment Plan. These new changes could help millions of people afford their out-of-pocket prescription costs and save money, but national polling shows more education is needed.
“While we welcome these new reforms, which are historic and will be life-changing for many, our recent national polling speaks to the need for more robust patient-focused education about these changes,” said Amy Niles, Chief Mission Officer of the PAN Foundation. “According to our survey, 87 percent of people enrolled in Medicare had not seen, read, or heard anything about these reforms. This is why we launched a comprehensive educational campaign last fall aimed at providing patients with easy-to-understand resources to better understand the impact these reforms will have on them. And we remain committed to providing patients, healthcare professionals, caregivers, and others with the educational resources they need.”
In addition, polling and analysis from PAN’s Center for Patient Research reinforce that even with these reforms, many patients enrolled in Medicare Part D will continue to struggle with their out-of-pocket prescription drug costs. This is especially true for those who are low-income, belong to a historically marginalized group, or experience a chronic or rare disease.
Learn more about PAN’s Medicare education resources and Center for Patient Research.
About the PAN Foundation
As a leading charitable foundation and healthcare advocacy organization, the PAN Foundation is dedicated to accelerating access to treatment for those who need it most and empowering patients on their healthcare journeys. We provide critical financial assistance for treatment costs, advocate for policy solutions that expand access to care, and deliver education on complex topics—all driven by our belief that everyone deserves access to affordable, equitable healthcare.
Since 2004, our financial assistance programs have helped more than 1.2 million people to start or stay on life-changing treatment. In addition, we’ve achieved major policy victories that increase access to care, mobilized patient advocates to call for change, and educated people nationwide on critical healthcare-related topics. We’re committed to working towards a future where equitable health outcomes are a reality for all. To learn more, visit panfoundation.org.