Projected Medicare Part D Costs Drop by 30 Percent
U.S. Newswire, January, 2007
To: MEDICAL EDITORS
Contact: CMS Office of Public Affairs, 1-202-690-6145
WASHINGTON, Jan. 8 /PRNewswire-USNewswire/ -- Independent estimates forthe Medicare Part D prescription drug benefit for the FY 2008 budget cycleshow that net Medicare costs are 30 percent less -- $189 billion lower -- thanwere originally predicted when the benefit was created in 2003, HHS SecretaryMike Leavitt announced today. In addition, based on strong, competitive bidsby health care plans for 2007, average monthly premiums will be approximately$22 for beneficiaries, down from $23 in 2006, if enrollees remain in theircurrent plans. The initial estimate for 2006 premiums was $37.
"Our new estimates provide clear evidence that consumer choice isworking," Secretary Leavitt said. "Government...
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