ICD10monitor June 19, 2023
In the third quarter of 2023 – specifically, from July 1 to Sept. 30 – there are 43 drugs covered under Medicare Part B that will have their coinsurance rates changed based on an inflation-adjusted payment amount. This adjustment is relevant to those individuals enrolled in both traditional Medicare and Medicare Advantage, and those who will use these specific drugs.
Depending on additional health coverage held by such individuals, this adjustment may result in a reduction in the coinsurance payments for which they are responsible. The savings that beneficiaries can expect to experience are tangible, with the coinsurance amounts potentially being lower than they would have been prior to the enactment of the new law.
The range of these savings...
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