Private Plans Keep Medicare Drug Spending Down
Created on July 29, 2016
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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