CMS Punts Part D Premium Announcement, Hopes New Demo Will Bring Down Rates

By Gabrielle Wanneh / July 31, 2024 at 8:03 PM
CMS has decided not to unveil preliminary Medicare Part D premiums as it normally does in July, hoping a new voluntary demonstration it unveiled Monday (July 29) will bring premiums down even though average plan bids more than doubled for next year. The agency announced the bid increases Monday and warned that based on that information, the base beneficiary premium could increase by $2.08 to $36.78 for Part D enrollees in 2025. CMS hopes the new voluntary Part D Premium...

Not a subscriber? Sign up for 30 days free access to exclusive, detailed reporting on drug pricing reforms, Medicaid policy, FDA news and much more.