On the heels of the Centers for Medicare & Medicaid Services announcing a favorable average basic premium for 2021 and the Trump administration signing three executive orders that placed restrictions on pharmacy benefit managers, America''s Health Insurance Plans have sounded an alarm warning that all is not what it seems.
AHIP recognizes that the current Medicare Part D prescription drug plan average basic premium is one of the lowest premiums since 2013.
However, using CMS stats, AHIP says that the executive orders will cause Medicare premiums to increase by 25 percent, increase drug spending in Medicare programs by over $195 billion, and contribute $100 billion toward bailing out drugmakers.
AHIP warns that the problem is still pricing and nothing done so far requires Big Pharma to lower their prices. Read more at HealthPayer Intelligence.
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