Keeping Part D premiums stable will cost $5B: 8 things to know

Becker's Healthcare October 3, 2024
Rylee Wilson

The federal government will spend $5 billion to keep Medicare Part D premiums stable in 2025, according to an Oct. 2 report from the Congressional Budget Office.

Here are eight things to know:

1. A number of changes to Part D benefits in the Inflation Reduction Act, signed in August 2022, take effect in 2025. Major changes beginning in 2025 include a $2,000 cap on out-of-pocket spending for enrollees, and a program to allow beneficiaries to pay their prescription co-pays in monthly installments.
2. The changes resulted in higher premiums bids from Part D plans. The average bid for Part D plans increased 179% from 2024 to 2025, according to the Congressional Budget Office.
3. In August, CMS pitched...

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