What is the timeline for drugs under IRA 2022?

The table below illustrates the timeline for the proposed Prescription Drug Provisions in the Inflation Reduction Act.

As you can see, as early as next year there will be some effects, including some believe with the Shingles Vaccine finally being covered. Medicare now has the authority to negotiate the cost of priced drugs and it is anticipated that they are looking at 10 popular brand drugs, including Eliquis. While the $2000 cap looks better than two years away, this is a positive program of which we anticipate some much needed relief for many on a fixed income. Time will tell.