What are the recent and forecasted trends in prescription drug spending? September 15, 2023 Slideshow
The Typical Medicare Beneficiary Has Close to 70 Different Medicare Advantage and Medicare Part D Stand-Alone Plan Options for 2023 November 17, 2022 Slide The Medicare open enrollment period that runs from October 15 to December 7 each year is an opportunity for Medicare beneficiaries in traditional Medicare and Medicare Advantage to evaluate their current coverage, compare plans, and decide whether to make a change for the coming year. Beneficiaries can compare Medicare Advantage…
Selected Out-of-Pocket Costs as a Share of the Average Social Security Benefit April 29, 2022 Slide Medicare premiums and cost sharing will account for an increasing share of Social Security benefits in the future, Medicare Trustees project.
The Growth in Share of Medicare Advantage Spending April 7, 2022 Slide Earlier this week, the Biden Administration announced the final Medicare Advantage rates for 2023, which are projected to result in an average increase in Medicare Advantage plan revenue of 8.5% compared to 2022 – the highest average expected increase in recent years. Payments to Medicare Advantage plans as a share…
Monthly Part B Premiums and Annual Percentage Increases January 12, 2022 Slide The $21.60 increase in 2022 is the largest in dollar terms since the start of the program, even though premiums have risen faster in percentage terms on three other occasions in the last 20 years
How Build Back Better Would Affect Drug Costs December 8, 2021 Slide Provisions in the bill that would lower prescription drug costs and reduce federal drug spending would take effect over the next several years, starting in 2023.
10 Years of Hospital Readmissions Penalties November 4, 2021 Slide Over the 10-year lifetime of a Medicare program aimed at reducing hospital readmissions, 93% of eligible hospitals have been penalized at least once. Hospital readmissions have become less frequent, and most experts attribute that partly to the financial threat of the penalties, though other factors likely contributed to the improvements.
Most Medicare Beneficiaries Don’t Shop Around for Coverage October 21, 2021 Slide About 7 in 10 beneficiaries say they did not compare plans during a recent open enrollment period, and some groups were even less likely to do so. Those groups include some who could be most affected by plan changes from year to year.