A new Centers for Medicare and Medicaid Services (CMS)
proposal would cause almost 14 million seniors to lose their Medicare Part D
stand-alone plans, says Devon Herrick, a senior fellow at the National Center
The Medicare drug program has been popular, and the number
of seniors without drug coverage has fallen 60 percent since the Medicare
Modernization Act (MMA) was passed in 2003. Seniors have a wide range of plans
from which to choose, and drug spending has actually been much lower than
projected. Costs per capita in 2013 were projected to be $3,047 but were
actually only $1,846, a savings of 40 percent per enrollee.
Of the 39 million Americans enrolled in Medicare, 36 million
of them have Medicare Part D drug plans.
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