Medicare Part D premiums are expected to stay relatively flat in the next few years, according to a new report, despite concerns with rising cost of specialty drugs. The Centers for Medicare and Medicaid Services said it estimates the premium for a basic Medicare Part D plan will only go up $1 next year to a total of $32.
For the past four years, the average premiums for Medicare Part D plans have been between $30 and $31. “Seniors and people with disabilities are benefiting from steady prescription drug premiums and a competitive and transparent marketplace for Medicare drug plans,” said CMS Administrator Marilyn Tavenner. “And thanks to the Affordable Care Act, they are seeing improved benefits and saving on their medications.”
Source: The Hill