PCMA: Medicare Part D 2016 Premiums Remain Flat

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Pharmaceutical Care Management Association

Jul 29, 2015, 06:08 ET

WASHINGTON, July 29, 2015 /PRNewswire-USNewswire/ -- According to data released today by the Centers for Medicare & Medicaid Services, the 2016 average monthly Medicare Part D premium is expected to remain stable at $32.50, a figure far lower than was originally projected, the Pharmaceutical Care Management Association (PCMA) said.

"The popular Part D program continues to be a bright spot in American health care. By offering an abundance of competing choices in each region and using cutting edge, cost-saving tools like pharmacy networks and home delivery the program is a win-win for both seniors and taxpayers," said PCMA President and CEO Mark Merritt.

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-plus million Americans.

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SOURCE Pharmaceutical Care Management Association