CMS: Medicare Part D Costs Lower Than Expected

The Centers for Medicare & Medicaid Services reported the projected cost of providing Medicare Part D has come down, according to fiscal year 2009 budget documents that will be released next week.

BALTIMORE — The Centers for Medicare & Medicaid Services reported the projected cost of providing Medicare Part D has come down, according to fiscal year 2009 budget documents that will be released next week. The overall projected cost of the drug benefit is $117 billion lower over the next 10 years than was estimated last summer due to the slowing of drug cost trends, lower estimates of plan spending and higher rebates from drug manufacturers. Following the third open enrollment season f

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