Today in Medicare

Medicare Part D Drug Costs

The realities and challenges of Medicare negotiating drug prices

BY LAURA JOSZT: The notion of letting Medicare negotiate drug prices has been around for years, but has recently gained new traction under President Donald Trump. Panelists at the ISPOR 22nd Annual International Meeting, held May 20-24 in Boston, Massachusetts, discussed the complexities of allowing Medicare to negotiate prices and whether or not it would produce meaningful savings. (read more)

Congress should act on a measure to help Medicare, small businesses

BY REPS. MORGAN GRIFFITH (R-VIRGINIA) & REP PETER WELCH (D-VERMONT): We reintroduced the Improving Transparency and Accuracy in Medicare Part D Drug Spending Act. This legislation, H.R. 1038, was previously introduced in the 114th Congress. It would prohibit Medicare Part D pharmacy benefit managers and plan sponsors from retroactively reducing payments on accurate reimbursement claims submitted by pharmacies. Doing so would help ensure community pharmacies are able to continue to serve Medicare beneficiaries and combat the growing financial uncertainties these small businesses are facing. (read more)

Medicare’s $31 billion challenge: preventing older adult falls

BY DR. ANAND PAREKH & KATHERINE HAYES: Last week the Senate Finance Committee passed a bipartisan bill that will greatly help older adults who suffer from multiple chronic conditions. The CHRONIC Care Act of 2017 includes important provisions that better enable Medicare Advantage plans to provide social supports such as minor home modifications as supplemental benefits. These modifications such as railings in the home and grab bars in the bathroom would greatly assist frail elderly Americans stay in their homes and protect them from the risk of falls. (read more)

The new Medicare Plus Card saves you up to 75% on things not covered by Medicare

Medicare doesn’t cover everything. Luckily, those on Medicare can now start saving on out of pocket expenses like prescription drugs, dental, vision, hearing, and more. Over 1 million people have already received their free Medicare Plus Card.

Get your Free Card Here

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