President Joe Biden signed the Inflation Reduction Act into law in 2022. It has a provision to cap out-of-pocket drug expenses at $2000 per year for Medicare beneficiaries by 2025. Unfortunately, this provision won’t apply to Leqembi.
This is because the IRA only affects drug costs through prescriptions covered by Medicare Part D plans. Since Leqembi is covered under Medicare Part B as a doctor’s service, it won’t qualify for the IRA out-of-pocket cost cap.