• The Second Decade of Medicare Part D: Time to Modernize?

    15 days ago - By The Medical Care Blog

    The Medicare Part D program, which was launched in 2006, is in the middle of its second decade of providing prescription drug coverage to Medicare beneficiaries. The Part D program has improved beneficiaries' access to prescription drugs but at increasing cost. Federal spending for Part D has more than doubled from $44.3 billion in 2006 to $102.3 billion in 2019. This increase follows the increase in overall U.S. prescription drug spending over this period.
    Much of the increase in Part D spending has been driven by an increase in spending on catastrophic coverage. Catastrophic coverage is...
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