1.
Medicare accounts for a growing share of the nation’s prescription drug
spending: 29% in 2014 compared to 18% in 2006
2.
Prescription drugs accounted for $97 billion in Medicare spending in 2014,
nearly 16% of all Medicare spending that year
3.
Medicare Part D prescription drug spending is projected to grow more rapidly in
the next decade than it did in the previous decade
4.
Part D spending has increased in recent years, in part due to the introduction
of new, costly breakthrough treatments for Hepatitis C
5.
Medicare per beneficiary spending is projected to grow more rapidly for the
Part D prescription drug benefit than for other Medicare-covered services
6.
Prescription drugs accounted for nearly $1 in every $5 that Medicare
beneficiaries spent out-of-pocket on health care services in 2011, not
including premiums
7.
The expected increase in Part D spending will mean hundreds of dollars more in
higher annual premiums and deductibles
8.
Medicare beneficiaries are now paying less than the full cost of their drugs
when they reach the coverage gap and will pay only 25% by 2020
9.
Beneficiaries are subject to 5% coinsurance after their out-of-pocket costs
exceed the catastrophic threshold ($4,850 in 2016)
Source:Kaiser Family Foundation
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