CMS Projects Part D Premiums Will Rise 4.9% To $33 In 2022

The average monthly premium for standard Part D coverage is projected to be $33 next year, a 4.9% increase from $31.47 this year, CMS said Thursday (July 29). The agency came up with the premium estimate based on bids it received from Part D and Medicare Advantage plans. In announcing the increase , CMS noted that President Joe Biden recently issued an executive order directing HHS to come up with a plan to lower drug costs. CMS plans to release...