HHS announces Medicare prescription drug premiums to remain steady
Posted on August 7, 2012 | No Comments
PDF Version
Details
Implementation Briefs
Key Developments
Health and Human Services (HHS) Secretary Kathleen Sebelius announced that the average basic premiums for Medicare prescription drug plans are projected to remain constant in 2013. The average 2013 monthly premium for basic prescription drug coverage is expected to be $30. Average premiums for 2012 were projected to be $30 and ultimately averaged $29.67. At the same time, since the law was enacted, seniors and people with disabilities have saved $3.9 billion on prescription drugs as the Affordable Care Act (ACA) began closing the “donut hole” coverage gap.
Medicare Prescription Drug Coverage: Discount and Rebate Program and Aid to Low-Income Beneficiaries
May 27, 2010
The new health reform law phases out the coverage gap under Medicare Part D byreducing over time the amount of cost sharing incurred by beneficiaries for both generic and brand name drugs in the coverage gap. The law also establishes a “coverage gap discount program” as a condition of Part D program participation for pharmaceutical manufacturers.
May 25, 2010
The Centers for Medicare and Medicaid Services has issued new guidance to Part D plan sponsors for implementation of discount drug program for beneficiaries in the "donut hole" due to go into effect in 2011.
Stay Connected
Most Popular Content
- State Health Insurance Exchange Navigators posted on February 28, 2011
- The QHP Certification Process in Federally-Facilitated Exchanges: Network Adequacy and Essential Community Providers posted on March 27, 2013
- Navigators and Application Counseling and Assistance posted on April 24, 2013
- Summary of the U.S. Supreme Court decision in the case of National Federation of Independent Businesses et al. v. Sebelius, Secretary of Health and Human Services, et al. posted on June 28, 2012
- Update: Essential Health Benefits Final Rule posted on March 13, 2013
Categories
- Congressional Action
- Disparities
- Expert Commentary
- Fraud and Abuse
- Health Care Quality and Delivery System Reform
- Health Information
- Health Insurance
- Implementation Briefs
- Judiciary
- Key Developments
- Agency Profile
- Department of Education
- Department of Health and Human Services
- Administration for Children & Families
- Administration on Aging
- Agency for Healthcare Research & Quality
- and Public Health Council
- Centers for Disease Control & Prevention
- Centers for Medicare & Medicaid Services
- Health Promotion
- Health Resources & Services Administration
- National Institutes of Health
- National Prevention
- Office of Consumer Information and Insurance Oversight
- Office of Inspector General
- Office of Minority Health
- Office of Public Health and Science
- Office of the Secretary
- Department of Justice
- Department of Labor
- Department of the Treasury
- Grants
- Legislation
- Rulemaking, Rules, and Guidance
- Legal Challenges
- Long Term Care
- Medicaid and CHIP
- Medicare
- Public Health
- Tax Policy
- Workforce and Access
Archives by Date
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
Recent Posts
- CA releases proposed premium rates for 2014
- NEJM article correlates decline in health spending to recession
- EBRI study explores trends in part-time health coverage
- CO releases 2014 Exchange rates
- CMS State Resources FAQ: Medicaid Eligibility Determinations, Medicaid/Exchange Interactions, and §1115 Demonstrations that Use Enrollment Caps
- CMS letter addresses enrollment strategies for Medicaid and CHIP
- WA releases Exchange premiums
- CMS rule requires MA and Medicare Part D to comply with MLR
- CMS sets PCIP payment at Medicare rates
- CCIIO provides additional guidance on Navigators and Marketplace assistance
No Comments