A record 3,148 Medicare Advantage plans will be available across the country as alternatives to traditional Medicare in 2020 — up 15% from last year. A typical beneficiary has 28 plans to choose from in their local market.
Millions of current enrollees in stand-alone Medicare Part D prescription drug plans will face premium and other cost increases next year unless they switch to lower-cost plans during the open enrollment period
Since its inception, Medicare has explicitly excluded coverage of dental services, with limited exceptions. Nearly two-thirds of the Medicare population – 37 million beneficiaries – have no dental coverage at all.
Part D enrollees with relatively high out-of-pocket expenses can expect see their costs rise in 2020. This is mainly due to an increase in how much enrollees will pay out of pocket for their prescription drugs in the coverage gap phase before they qualify for catastrophic coverage.
Some policymakers have proposed allowing Medicare to negotiate the price of prescription drugs. This issue brief provides a short history of this proposal, as well as assessments of potential savings from CBO.