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Cost-Related Medication Nonadherence After the Inflation Reduction Act
Lucas X Marinacci1,2, Stephen Mein1,2,3, Benjamin N Rome4
1Richard A. and Susan F. Smith Center for Outcomes Research, Beth Israel Deaconess Medical Center, Boston, Massachusetts.
The Inflation Reduction Act (IRA) reduced medication nonadherence for Medicare beneficiaries by capping out-of-pocket drug costs. These early improvements in prescription affordability may enhance chronic disease management.
Area of Science:
- Health Economics
- Public Health Policy
- Pharmaceutical Policy
Background:
- High prescription drug costs are a significant national issue, impacting medication adherence and patient health outcomes.
- The Inflation Reduction Act (IRA) enacted reforms to improve medication affordability, but its effect on adherence was previously unquantified.
Purpose of the Study:
- To assess the association between the IRA's 2024 prescription drug provisions and cost-related medication nonadherence.
- To evaluate the impact of these provisions on healthcare-related financial strain.
Main Methods:
- A quasi-experimental, difference-in-differences analysis was conducted using data from the 2021-2024 National Health Interview Survey.
- Adults aged 62-67 enrolled in Medicare Part D (intervention) or private insurance (comparator) were analyzed, excluding specific high-risk groups due to existing protections.
Main Results:
- Following the IRA's 2024 provisions, cost-related medication nonadherence decreased by 4.9 percentage points among Medicare beneficiaries compared to the control group.
- The reduction was more pronounced in Medicare beneficiaries with multiple chronic conditions (-7.8 pp).
- No significant changes were observed in healthcare-related financial strain.
Conclusions:
- The IRA's 2024 prescription drug provisions were associated with a reduction in cost-related medication nonadherence for eligible Medicare beneficiaries.
- These initial findings suggest potential positive implications for chronic disease management and future health outcomes.
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