• Heritage Action
  • More

Private Plans Keep Medicare Drug Spending Down

Created on July 29, 2016

Private Plans Keep Medicare Drug Spending Down

medicare-50-years-xzytzrzyyv

DOWNLOAD a high-resolution version of this graphic.

Read the original report, "Medicare’s Next 50 Years: Preserving the Program for Future Retirees," by Robert E. Moffit.

VIEW all graphics for this report.

In 2003, Congress created Medicare prescription drugs delivered through private health plans. The plan competition resulted in actual costs far below original projections.

Note: No projections available for 2014 and 2015. Sources: Centers for Medicare and Medicaid Services, “2004 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds,” Table II. C18, p. 102, March 23, 2004, http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/ReportsTrustFunds/Downloads/tr2004.pdf (accessed April 20, 2016), and “2016 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds,” Table III. D3, p. 107, June 22, 2016, https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/ReportsTrustFunds/Downloads/TR2016.pdf (accessed July 20, 2016).

CHART 7 • SR 185

Tags: Medicare, retiree, health-care, deficit