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Last updated on April 19, 2014 at 13:20 EDT

Latest Medicare Part D Stories

2013-05-07 15:39:02

The rising cost of Medicare can be cut through strategies such as increasing premiums and raising the eligibility age, but those moves could drive many elderly Americans from the program, leaving them with limited access to health services, according to a new study. Researchers simulated the likely outcomes of three approaches for lowering Medicare costs -- imposing a premium for Medicare's hospital insurance, switching to a premium support program that subsidizes the cost of purchasing...

2013-05-07 12:38:50

Health Affairs study proposes comprehensive Medicare benefit that simplifies benefits and lowers premiums and out-of-pocket costs 17 percent to 40 percent Combining Medicare's hospital, physician, and prescription drug coverage with commonly purchased private supplemental coverage into one health plan could produce national savings of $180 billion over a decade while improving care for beneficiaries, according to a new study by researchers at The Johns Hopkins Bloomberg School of Public...

2013-04-23 16:24:56

- Cancer Care Community Praises Lawmakers for Urging CMS to Examine Impact of Sequester Cuts on Medicare Patients - WASHINGTON, April 23, 2013 /PRNewswire-USNewswire/ -- The American Society of Clinical Oncology (ASCO), Community Oncology Alliance (COA), ION Solutions and The US Oncology Network today commended a bipartisan group of 124 lawmakers in the U.S House of Representatives who sent a letter to the Centers for Medicare and Medicaid Services (CMS) expressing concern that...

2013-04-11 08:29:12

CVS Caremark focus on medication adherence saved PBM clients more than $643 million in 2012 WOONSOCKET, R.I., April 11, 2013 /PRNewswire/ -- CVS Caremark (NYSE: CVS) today released its annual Insights report, which reviews drug trend and highlights key issues in pharmacy care. In a pivotal finding, the 2012 analysis revealed that the increased availability of generics combined with CVS Caremark's industry-leading generic dispensing rate (GDR) of 77.4 percent helped reduce spending...

2013-03-21 12:27:51

NCPA Questions Cost Savings of the Plans ALEXANDRIA, Va., March 21, 2013 /PRNewswire-USNewswire/ --Thirty-one U.S. Representatives and a U.S. Senator have written to Medicare raising questions about the impact of so-called "preferred pharmacy" drug plans, which may actually raise costs to the Medicare Part D program and taxpayers, according to a recent statement by Medicare officials and an analysis by the National Community Pharmacists Association (NCPA). (Logo:...

2013-03-20 16:25:34

National Center for Policy Analysis Warns Policymakers of Costly, Unintended Consequences WASHINGTON, March 20, 2013 /PRNewswire-USNewswire/ -- Federal and state policymakers should avoid enacting laws that undermine payers' ability to use mail-service pharmacies, preferred pharmacy networks, and other innovative pharmacy benefit management (PBM) tools, the National Center for Policy Analysis (NCPA) asserts in a new report, "Unnecessary Regulations that Increase Prescription Drug...

2013-03-19 16:29:32

WASHINGTON, March 19, 2013 /PRNewswire-USNewswire/ -- RetireSafe, representing 400,000 senior supporters across America, today joined more than 330 organizations in a letter urging Washington to reject changes to the popular Medicare prescription drug plan. In the common sense language of RetireSafe's supporters, "if it ain't broke, don't fix it." "Nearly 40 million seniors rely on Part D for access to prescription drugs. Ninety percent of beneficiaries are pleased with the way the program...

2013-03-19 08:27:58

WASHINGTON, March 19, 2013 /PRNewswire-USNewswire/ -- The National Minority Quality Forum (The Forum) announces today its support for government noninterference in drug price negotiations for Medicare Part D. A provision of the Social Security Act prohibits the Secretary of Health and Human Services from interfering in the negotiations between drug manufacturers, pharmacies, and sponsors of prescription drug plans (PDPs) involved in Part D of Medicare, or from requiring a particular formulary...

2013-03-12 12:27:53

National Center for Policy Analysis Warns Policymakers of Costly, Unintended Consequences WASHINGTON, March 12, 2013 /PRNewswire-USNewswire/ -- Oklahoma policymakers should avoid enacting laws that undermine payers' ability to use mail-service pharmacies, preferred pharmacy networks, and other innovative pharmacy benefit management (PBM) tools, the National Center for Policy Analysis (NCPA) asserts in a new white paper, "Unnecessary Regulations that Increase Prescription Drug Costs."...

2013-03-06 16:26:04

PORTLAND, Ore., March 6, 2013 /PRNewswire/ -- Prescription medications are a key driver of the nation's rising health care costs, and many health care plans are seeking solutions that will provide the best value to their members. With that in mind, Michigan's Upper Peninsula Health Plan (UPHP) has selected RegenceRx to produce rigorous, independent evidence-based assessments of prescription medications, designed to support and maintain UPHP's formulary and medication coverage policies. UPHP...