CMS: Part D Monthly Premium to Decline Slightly in 2019
The Centers for Medicare & Medicaid Services yesterday projected that the average basic premium for a Medicare Part D prescription drug plan will decrease by $1.09 in 2019 to $32.50. The projection is based on bids submitted by drug and health plans for basic drug coverage for the 2018 benefit year. Although Part D premiums have declined slightly since 2017, federal payments for Part D catastrophic coverage more than tripled between 2010 and 2015. According to a recent analysis by Avalere, the number of Part D beneficiaries who reach the catastrophic coverage phase of the prescription drug benefit due to high out-of-pocket costs rose by more than 50% between 2013 and 2016.
Related News Articles
Headline
The Centers for Medicare & Medicaid Services will cancel approximately 315,000 enrollments impacting more than 760,000 individuals as part of its anti-…
Headline
The Workgroup for Electronic Data Interchange has launched its fall 2026 survey to assess industry readiness for the Centers for Medicare & Medicaid…
Headline
The Centers for Medicare & Medicaid Services Sept. 15 announced an expansion of its outcome-aligned payment model offering technology-supported care to…
Headline
The House Energy and Commerce Subcommittee on Health held a hearing Sept. 15 to discuss more than a dozen legislative proposals regarding Medicare provider…
Headline
The departments of Health and Human Services, Labor, and the Treasury have added Physio Solutions, LLC as a new independent dispute resolution entity…
Headline
The AHA Aug. 31 joined a coalition led by LeadingAge and other national healthcare organizations in submitting comments to the Centers for Medicare &…