Director’s Blog » Blog Archive » The Effect of H.R. 3200 on Medicare Part D Premiums
Today CBO released a letter on the changes in Medicare Part D premiums that would result from certain provisions of H.R. 3200, America’s Affordable Health Choices Act of 2009, as introduced on July 14. According to CBO’s estimates, enacting those changes would lead to an average increase in premiums for Part D beneficiaries of about 5 percent in 2011, rising to about 20 percent in 2019. However, beneficiaries’ spending on prescription drugs apart from those premiums would fall, on average, as would their overall prescription drug spending (including both premiums and cost sharing). The net effect on drug spending would differ among beneficiaries depending on the amount of their purchases in a year. As with CBO’s other estimates related to this bill, this analysis is preliminary and does not reflect any modifications or amendments made after July 14.
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