CMS: Part D Premiums Will Decrease Due To Demo, IRA

Part D premiums are stable and will decline from 2024 to 2025 due to a voluntary premium stabilization demonstration announced at the last minute by CMS as well as premium stabilization included in the Inflation Reduction Act (IRA), CMS officials said in a press call Friday (Sept. 27). The news indicates CMS’ hastily crafted voluntary Part D premium stabilization demo is working as intended to avert what had been expected to be premium increases. The average premium is expected to...