Medicare spending on prescriptions increased more than 17% in 2014,
despite a claims increase of only about 3%, according to data released
Thursday. The second annual set of data
shows prescription drugs paid for under the Medicare Part D
Prescription Drug Program, which has 38 million beneficiaries. The data
include more than 1 million distinct providers.
The data dump comes as rising drug costs have drawn criticism from healthcare providers and payers, consumer advocates, lawmakers and political candidates, including presidential nominees Hillary Clinton and Donald Trump. The increase in 2014 for Part D spending was significantly higher than the 12.6% rise in overall drug spending from 2013 to 2014.
The data dump comes as rising drug costs have drawn criticism from healthcare providers and payers, consumer advocates, lawmakers and political candidates, including presidential nominees Hillary Clinton and Donald Trump. The increase in 2014 for Part D spending was significantly higher than the 12.6% rise in overall drug spending from 2013 to 2014.
To learn more about this epidemic, please read the Modern Health care published article, "Medicare Part D Spending Rose 17% in 2014 Because of High-Cost Drugs".
HORIZON Health Ventures is a healthcare cost management solutions company used by insurance
brokers, employee benefit consultants, third-party administrators,
insurance companies, and associations, to bring proven thought
leadership and strategy to the management of their clients healthcare
costs. To learn more about HHV and their services, please visit http://horizonhealthventures.com/
No comments:
Post a Comment