PCMA: Part D Plans and PBMs Continue to Deliver Savings in Medicare
WASHINGTON, Aug. 7, 2012 /PRNewswire-USNewswire/ -- According to new data released by Health and Human Services (HHS), the 2013 average monthly Medicare Part D prescription drug plan premium is expected to be $30, a figure far lower than the $41 figure that was originally estimated in 2003. The premium figure confirms the success of Medicare Part D plans in delivering savings, said the Pharmaceutical Care Management Association (PCMA) today.
"With the help of pharmacy benefit managers, Part D sponsors continue to exceed expectations in terms of savings, choice, and satisfaction in Medicare," said PCMA President and CEO Mark Merritt. "Part D is a rarity among federal programs in that it actually comes in under budget each year."
PCMA represents the nation's pharmacy benefit managers (PBMs), which improve
affordability and quality of care through the use of electronic prescribing (e-prescribing),
generic alternatives, mail-service pharmacies, and other innovative tools for 216 million Americans.
SOURCE Pharmaceutical Care Management Association