Agency Announces 2021 Average Basic Premiums for Part D; Touts Additional Modifications to Part D Program

Agency Announces 2021 Average Basic Premiums for Part D; Touts Additional Modifications to Part D Program

The Centers for Medicare & Medicaid Services (CMS) announced the 2021 average basic premium for Medicare Part D plans. Next year, CMS states the average basic Part D premium will be $30.50, which is reportedly the second lowest average basic Part D premium since 2013. The lowest average premium to date was in 2020 ($30.00). Additional details follow. Premium Savings… (LaRosa, July 30, 2020) #Cost-Sharing, #Demonstration Programs, #Drug Pricing, #Medicare Part D, #Prescription Drugs, #Value-Based Purchasing