Fierce Health Payer July 29, 2021
The average Part D premium is projected to increase by nearly 5% from $31.47 to $33 in 2022.
Thursday’s announcement comes as Congress and the Centers for Medicare & Medicaid Services are making moves to address drug prices on Part D, the program’s prescription drug benefit.
The Part D premium is higher than the $30 in 2020, when premiums declined by 12% since 2017.
CMS said that it anticipates releasing the final 2022 premium and cost-sharing information on Part D and Medicare Advantage plans later this fall.
The announcement comes amid several potential major changes to Medicare being debated in Congress.
Senate Democrats are looking to add legislation to give Medicare drug pricing authority as...