Politico Raises Issue Of CMS Premium Stabilization Demonstration For Medicare Part D PDPs
The mainstream media is finally covering the potential October Surprise for Democrats. There are possible huge increases in standalone Medicare Part D (PDP) premiums due to the transfer of costs to plans from the government and member out-of-pocket cost reductions in the Inflation Reduction Act (IRA). The Politico article lays it out well.
The Centers for Medicare and Medicaid Servies (CMS) created a last-minute demonstration to blunt the impacts and the GOP is accusing Democrats of using the U.S. Treasury for political purposes. I continue to doubt that CMS has the authority to do this. It usurps Congress’ control. I raised this issue in two blogs several weeks ago (July 24 and July 25) here: https://www.healthcarelabyrinth.com/will-democrats-be-victim-of-an-october-surprise-of-their-own-making/ and https://www.healthcarelabyrinth.com/part-d-premium-woes-due-to-the-inflation-reduction-act/ .
In addition to the PDP premium hikes, Medicare Advantage (MA) plans are expected to have benefit cuts for a number of reasons, including the IRA changes and rate reductions.
Additional article: https://www.beckerspayer.com/payer/the-perfect-storm-facing-medicare-recipients-during-enrollment-season.html
#election2024 #medicareadvantage #partd #pdp #ira
https://www.politico.com/news/2024/08/13/biden-adiminstration-medicare-drug-premiums-spike-00173308
