November 17, 2022
Access & Coverage
  • Senators Bill Cassidy and Tom Carper introduced new bipartisan legislation that would offer Medicare beneficiaries enrolled in the Medicare-Medicaid Program of All-Inclusive Care for the Elderly (PACE) different options for Part D coverage. Currently, seniors on PACE must get the program’s Part D coverage for any drug costs, which can have an average monthly premium of $1,015. The bill would ensure that a senior could instead pick a standalone Part D plan, which features a monthly premium of $43. The legislation comes as federal regulators are implementing an inflationary cap on Part D drug costs passed as part of the Inflation Reduction Act. (Articles here and here)