Your Guide to Medicare Prescription Drug Coverage
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Drug Price Increases That Exceed Inflation Are Costing Medicare Part D Billions
AARP PUBLIC POLICY INSTITUTE JUNE 2021 Spotlight Drug Price Increases That Exceed Inflation Are Costing Medicare Part D Billions Leigh Purvis AARP Public Policy Institute Background It has been 15 years since the creation of the Medicare Part D prescription drug benefit. Research This AARP Public Policy Institute indicates that the program has been largely Spotlight finds that total successful: beneficiaries report improved access Medicare Part D spending on to prescription drugs and the vast majority are 50 top brand-name drugs was satisfied with their coverage.1 However, there is $38 billion higher between 2015 growing concern about trends in Medicare Part D and 2019 than it would have spending, which has accelerated considerably over been if drug manufacturers had the past decade.2 not increased their prices faster One factor helping to drive these trends is brand- than the corresponding rate of name drug price growth.3 Brand-name drug prices inflation. have been growing faster than general inflation for more than a decade,4,5 and drug companies are increasingly relying on such price increases for revenue growth.6,7 Meanwhile, Medicare inflationary rebate is already required under Part D remains prohibited from negotiating with Medicaid and is responsible for roughly half of the pharmaceutical companies, leaving it exposed to the possibility of paying ever-higher prices for the rebates that state Medicaid programs receive from 10 exact same drug products.8 brand-name drug manufacturers. In response to this challenge, Congress recently This Spotlight provides additional context for considered bipartisan legislation that would require inflation-based rebates, by examining excess drug manufacturers to pay a rebate to the federal Medicare Part D spending due to annual drug price government if their prices increased faster than changes that exceeded the rate of general inflation the rate of general inflation.9 Notably, a similar between 2015 and 2019. -
Medicare Modernization Act Final Guidelines
MEDICARE MODERNIZATION ACT FINAL GUIDELINES -- FORMULARIES CMS Strategy for Affordable Access to Comprehensive Drug Coverage Guidelines for Reviewing Prescription Drug Plan Formularies and Procedures 1. Purpose of the Guidance This paper is final guidance on how CMS will review Medicare prescription drug benefit plans to assure that beneficiaries receive clinically appropriate medications at the lowest possible cost. Two key requirements in the Medicare Modernization Act (MMA) are to assure that drug plans provide access to medically necessary treatments for all and do not discriminate against any particular types of beneficiaries, and to encourage and support the use of approaches to drug benefit management that are proven and in widespread use in prescription drug plans today. The goal is for plans to provide high-quality cost-effective drug benefits by negotiating the best possible prices and using effective drug utilization management techniques. This goal can be achieved through a CMS drug benefit review strategy that facilitates appropriate beneficiary access to all medically necessary Part D covered drugs along with plan flexibility to develop efficient benefit designs, thus bringing drug benefit strategies that are already providing effective coverage to millions of seniors and people with a disability to the Medicare population. Our formulary review process focuses on three areas: 1. Pharmacy and Therapeutics (P&T) committees. CMS will require P&T committees to rely on widely-used best practices, reinforced by MMA standards. CMS oversight of these processes will assure that plan formularies are designed to provide appropriate, up-to-date access for beneficiaries and give plans the flexibility to offer benefit designs that provide affordable access to medically necessary drugs. -
CONVERSATIONS MATTER Why Medicare (Unlike Medicaid and the Veterans Health Administration) Cannot Negotiate Prescription Drug Prices
Kari Gottfried POL 317: U.S. Health Policy & Politics CONVERSATIONS MATTER Why Medicare (Unlike Medicaid and the Veterans Health Administration) Cannot Negotiate Prescription Drug Prices Gottfried 1 Introduction & Background The national conversation around health care reform has been approached from many angles, but the general consensus is this: the United States is spending more on health care, and getting less in return, than any other comparable country.1 There are many reasons why this is the case, and health policy experts have been trying to get to the bottom of this problem for years. One case they make for astronomical health care costs is the rising price of prescription drugs.2 Both Democrats and Republicans have emerged as critics of this issue, placing the blame on the pharmaceutical industry and their powerful lobby.3 In a Congressional hearing last February, Senator Sherrod Brown (D-Ohio) challenged pharmaceutical executives, telling them, “We cannot continue to give Big Pharma the blank check that you have had to pay for high- priced prescription drugs.”4 Senator Cassidy (R-La.) argues that the burden should not be placed on the government to pay for these expensive drugs, since the cost eventually falls on taxpayers. He says “if the taxpayer is paying that money… it is almost as if the taxpayer has ‘stupid’ written on their face, which they should not. That is unfair.”5 However, legislators discount the role they have had in this crisis. Nearly one third of prescription drug spending is through the Medicare Part D prescription drug benefit,6 but 1 In this paper, “comparable” or “similar” countries to the United States refers to countries that are a part of the Organization for Economic Co-operation and Development, or OECD countries. -
Medicare Prescription Drug Benefit (Part D) Fact Sheet
THE MEDICARE PRESCRIPTION DRUG BENEFIT (PART D) FACT SHEET What are Medicare Parts A and B? Who May be Covered by Part D? Medicare is a federal insurance program administered by Medicare’s new prescription drug benefit will be available to the U.S. Department of Health and Human Services for everyone who is in Medicare regardless of their income, people age 65 and older and certain disabled people. The how they get their health care now or how they currently program curr ently consists of two parts: get their drug coverage. • Part A is Inpatient Hospital Insurance that covers How will Part D affect Medicaid Recipients? inpatient hospital, home health, skilled nursing facility, Medicare recipients who are currently enrolled in Medicaid psychiatric hospital and hospice care services. (dual eligibles) will be automatically enrolled in and receive Premiums for Part A are determined by the individual’s drug coverage through Medicare Part D, effective January work history, as shown below: 1, 2006. Medicaid will cease to provide drug coverage to Quarters of Work History Monthly Premium dual eligibles effective December 31, 2005. These 40+ None individuals will be notified of the changes in their 30-39 $206 prescription drug coverage in the Fall of 2005. < 30 $375 • Part B is Supplemental Medical Insurance that covers How will Medicare Beneficiaries Enroll in Part D? doctor visits, outpatient services, some mental health The process for enrollment into Medicare depends on services, durable medical equipment, some preventive whether an individual is enrolled in Medicaid. services and home health visits not covered under Part • Individuals who are enrolled in Medicaid (dual eligibles) A. -
Implications of the Medicare Modernization Act, Beyond the Drug Benefit
Has Medicare Been Privatized? Implications of the Medicare Modernization Act, Beyond the Drug Benefit By Jeanne Lambrew and Karen Davenport President Bush called the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (MMA) “a landmark achievement in American health care.”1 This legislation created Medicare Part D, a new outpatient prescription drug program, which truly is a significant development. However, this law may have set in motion an even more profound change in Medicare’s structure. The MMA redesigned the payments and rules for private health plans, which are an alternative to traditional Medicare, and renamed this program “Medicare Advantage”. These changes, the nature of the drug benefit, and their effects on coverage that supplements Medicare could result in a large shift in enrollment to Medicare Advantage plans. In other words, it is possible that many, if not most, Medicare beneficiaries could be enrolled in private plans within the decade. This issue brief explains why this may occur and raises questions about its implications on costs, satisfaction, and access to care. Historical Context: Medicare and Private Health Plans Medicare is the nation’s largest Federal health program. In 2005, its gross spending totaled $333 billion. With the implementation of the Medicare drug benefit, program spending is projected to grow to $391 billion in 2006 and $543 billion in 2010, increasing at an average annual rate of more than a 10 percent.2 Medicare covers about 42 million people: 35.4 million seniors and 6.3 million people with permanent disabilities under the age of 65.3 Pre-1997: For several decades, Medicare beneficiaries have been able to choose between two different delivery systems to obtain benefits. -
Why Direct Mail? 6.5 In
11.25 in. 11.0 in. Why Direct Mail? 6.5 in. 6.75 in. With budgets and bottom-line results having greater impact on today’s corporate decision making, marketers are being held more accountable for their initiatives and spending. So what can you do to improve the effectiveness of your advertising campaigns? Here’s a media channel you may not have considered: Direct Mail. As part of an integrated marketing plan, Direct Mail has been proven to help drive customer traffic and sales. In addition, its results are measurable – arming you with concrete ROI numbers to demonstrate the success of each campaign. This guide has been designed by the U.S. Postal Service® as an introduction to Direct Mail. You’ll find everything you need to understand the strengths of Direct Mail and how to start incorporating it into your marketing campaigns – including research, case studies, formats, and helpful resources. Direct Mail is big with business. Businesses of all sizes use Direct Mail to help increase the response and ROI of their campaigns. In fact, according to the USPS® 2011 Revenue, Pieces, and Weight Report: • Businesses sent over 84 billion pieces of Direct Mail. • 51% of all mail sent was Direct Mail. 2 12UPD0220_Sales_On_Call_Tradeshow Contract Laser Required proof: Quick Print Mock-up File Name: 0220_Bro Bill to: 12UPQ0026 Executive CD: Market: REQ 119688 Creative Director: S. Taylor Run/Disk Date: 06-05-12 06/05/12 15:09 Art Director: K. Kemmer Color/Space: 4C + PMS 376 + PMS 2718 CE: 1/0 Writer: Graham Live: Production Artist: MC Account Executive: Gaines Trim: 11" 6.5" Task: pu AD file/New Production Supervisor: K. -
Before the Postal Regulatory Commission Washington, D.C
Postal Regulatory Commission Submitted 3/21/2014 4:18:52 PM PUBLIC VERSION Filing ID: 89475 Accepted 3/21/2014 BEFORE THE POSTAL REGULATORY COMMISSION WASHINGTON, D.C. 20268-0001 COMPETITIVE PRODUCT LIST Docket No. MC2013-57 ADDING ROUND-TRIP MAILER COMPETITIVE PRODUCT LIST Docket No. CP2013-75 ADDING ROUND-TRIP MAILER UNITED STATES POSTAL SERVICE COMMENTS ADDRESSING RESPONSES TO CHAIRMAN’S INFORMATION REQUEST NOS. 1, 2, AND 3 (March 21, 2014) Pursuant to Order No. 20111, the United States Postal Service (the “Postal Service”) files its comments addressing the responses to Chairman’s Information Request (“ChIR”) Nos. 1, 2, and 3, which were issued on December 18, 2013.2 Netflix, Inc. (“Netflix”) filed its response to Chairman’s Information Request No. 3 on January 16, 2014.3 GameFly, Inc. (“GameFly”) filed its response to Chairman’s Information Request No. 2 on January 17, 2014.4 These comments address the responses provided by GameFly and Netflix, and assess the significance of the information provided in these responses for purposes of the Commission’s consideration of the Postal Service’ s request to add the Round-Trip Mailer product to the competitive product list. 1 Order No. 2011, Order Establishing Comment Dates, Docket Nos. MC2013-57 and CP2013- 75 (March 7, 2013). 2 Chairman’s Information Request No. 1, Docket Nos. MC2013-57 and CP2013-75 (December 18, 2013) (“ChIR No. 1”); Chairman’s Information Request No. 2, Docket Nos. MC2013-57 and CP2013-75 (December 18, 2013) (“ChIR No. 2”); Chairman’s Information Request No. 3, Docket Nos. MC2013-57 and CP2013-75 (December 18, 2013) (“ChIR No. -
Trends in Stimulant Dispensing by Age, Sex, State of Residence, and Prescriber Specialty — United States, 2014–2019☆
HHS Public Access Author manuscript Author ManuscriptAuthor Manuscript Author Drug Alcohol Manuscript Author Depend. Author Manuscript Author manuscript; available in PMC 2021 December 01. Published in final edited form as: Drug Alcohol Depend. 2020 December 01; 217: 108297. doi:10.1016/j.drugalcdep.2020.108297. Trends in stimulant dispensing by age, sex, state of residence, and prescriber specialty — United States, 2014–2019☆ Amy R. Boarda,b,*, Gery Guyb, Christopher M. Jonesc, Brooke Hootsb aEpidemic Intelligence Service, Centers for Disease Control and Prevention, 4770 Buford Highway, Mailstop S106-8, Atlanta, GA, 30341-3717, United States bDivision of Overdose Prevention, National Center for Injury Prevention and Control, Centers for Disease Control and Prevention, 4770 Buford Highway, Mailstop S106-8, Atlanta, GA, 30341-3717, United States cOffice of the Director, National Center for Injury Prevention and Control, Centers for Disease Control and Prevention, 4770 Buford Highway, Mailstop S106-8, Atlanta, GA, 30341-3717, United States Abstract Background: Stimulant medications are commonly prescribed for the treatment of attention- deficit/hyperactivity disorder; however, they also have high potential for diversion and misuse. We estimated national stimulant dispensing trends from 2014 to 2019 and differences in dispensing by age, sex, state, prescriber specialty, payor type, patient copay, and stimulant type. Methods: We calculated rates of stimulant dispensing using IQVIA National Prescription Audit (NPA) New to Brand, NPA Regional, and NPA Extended Insights data, which provide dispensing estimates from approximately 49,900 pharmacies representing 92 % of prescriptions dispensed in the United States. Average annual percent change (AAPC) from 2014 to 2019 was analyzed using Joinpoint regression. Results: From 2014 to 2019, the national annual rate of stimulant dispensing increased significantly from 5.6 to 6.1 prescriptions per 100 persons. -
Mail Service That Makes Life Easier
Mail service that makes life easier Serve You DirectRx Pharmacy saves you time and money by delivering the medications you take regularly right to your door. Learn more on next page 1 How to Transfer Prescriptions To transfer your prescription to us for home delivery, you can: Complete and mail in the Prescription Transfer Form, available for download at serveyourx.com OR Call Serve You DirectRx Pharmacy (Serve You DirectRx) and provide the following: • Name and phone number of current pharmacy • Prescription name and number found on medication label • Prescriber name and phone number • Number of refills remaining How to Refill Prescriptions There are four easy ways to get your refills if your prescription has Getting been filled by us previously: • Enroll in EZAutoFill, a free service that automatically refills your prescription based on an estimated supply remaining and mails you the medication at no extra charge. You only pay the cost of your copay. Started (EZAutoFill is not available for certain medications or to patients using Medicare.) is as easy as • Visit serveyourx.com and use EZRefillRx, available 24/7. • Call 800-759-3203 and use our 24/7 automated refill service. Please Go to have your prescription number and payment information on hand. ServeYouRx.com • Complete the order form that was included with your previous shipment 1 and mail it to Serve You DirectRx. Payment Information Download Payment is required before your order will be shipped. To learn your copay the New Prescription amount, call the number on the back of your health plan or prescription 2 Mail-In Order Form drug plan ID card or call us at 800-759-3203. -
Medicare (05-10043)
2021 Medicare SSA.gov What’s inside Medicare 1 What is Medicare? 1 Who can get Medicare? 3 Rules for higher-income beneficiaries 7 Medicare Savings Programs (MSP) 8 Signing up for Medicare 9 Choices for receiving health services 16 If you have other health insurance 16 Contacting Social Security 19 Medicare This booklet provides basic information about Medicare for anyone who’s covered and some of the options available when choosing Medicare coverage. You can visit Medicare.gov or call the toll-free number 1-800-MEDICARE (1-800-633-4227) or the TTY number 1-877-486-2048 for the latest information about Medicare. What is Medicare? Medicare is our country’s federal health insurance program for people age 65 or older. People younger than age 65 with certain disabilities, permanent kidney failure, or amyotrophic lateral sclerosis (Lou Gehrig’s disease), can also qualify for Medicare. The program helps with the cost of health care, but it doesn’t cover all medical expenses or the cost of most long-term care. You have choices for how you get Medicare coverage. If you choose to have Original Medicare (Part A and Part B) coverage, you can buy a Medicare Supplement Insurance (Medigap) policy from a private insurance company. Medigap covers some of the costs that Medicare does not, such as copayments, coinsurance, and deductibles. If you choose Medicare Advantage, you can buy a Medicare-approved plan from a private company that bundles your Part A, Part B, and usually drug coverage (Part D) into one plan. Although the Centers for Medicare & Medicaid Services (CMS) is the agency in charge of the Medicare program, Social Security processes your application for Original Medicare (Part A and Part B), and we can give you general information about the Medicare program. -
Medicare Part D Vaccines
MLN Fact Sheet MEDICARE PART D VACCINES Page 1 of 8 ICN MLN908764 December 2020 Medicare Part D Vaccines MLN Fact Sheet Updates Note: No substantive content updates. Page 2 of 8 ICN MLN908764 December 2020 Medicare Part D Vaccines MLN Fact Sheet Introduction Medicare Prescription Drug (Part D) plans cover all commercially available vaccines, except those covered by Medicare Part B, when they are reasonable and necessary to prevent illness. If you’re an immunizer and give certain vaccines to your patients, the vaccines and their administration may be payable under a Part D plan. NOTE: The term “patient” refers to a Medicare beneficiary. Background Medicare Part B covers most vaccines patients need. If you give Part B vaccines, you submit claims to your MAC for the vaccine and its administration. If you’re an in-network prescriber and have patients enrolled in Medicare Advantage (MA) plans, you submit claims to the MA plan. Part D plans generally cover vaccines that Part B doesn’t cover, but, under Part D, you may or may not directly bill the Part D plan. If you can’t bill directly, work with your patients and their Part D plans to get paid. For more information on Part B shots, refer to Preventive Services. Part D Vaccines Part D plans include covered drugs and vaccines on their formularies. A new preventive vaccine may not appear on the Plan Contact Information formulary, but the plan may still cover it. Part D plans may have Search by plan name and/or ID special rules, like prior authorization, step therapy, and quantity or call 1-800-MEDICARE. -
Costco-Mail-Order.Pdf
Costco Mail Order Pharmacy Ordering Instructions The Costco Mail Order Pharmacy is an extension of your current prescription drug benefit. Mail order service allows you to take advantage of the convenience of having your maintenance medications delivered to your home or workplace. Costco Mail Order Pharmacy offers two great ordering services, the traditional mail order service and the online ordering service. Traditional Mail Order Costco Mail Order Pharmacy 1. offers you a Traditional Mail Order service. To use this service you will submit all new orders and refills by mail or phone. Please read the following details on how to utilize our traditional mail order service. If you would like to place your orders online using a computer please skip the following section and follow the instructions under the Online Ordering portion of this document. How do I begin using the Traditional Costco Mail Order Pharmacy service? Complete the included Traditional Mail Order service Patient Profile form and submit it to the Mail Order Pharmacy. How do I order a new prescription using the Traditional Mail Order service? If you need to start your medication immediately or do not have enough to last you at least two weeks, request two prescriptions from your prescriber: one for an initial short- term supply of your maintenance medication that your local retail pharmacy can fill immediately, and a second for a 90- day supply, including refills that can be submitted to Costco Mail Order Pharmacy. • Send both your new 90-day supply prescription with your completed Mail Order Patient Profile form and mail it to Costco Mail Order Pharmacy.