Posted by Michael Wonder on 26 May 2020
President Trump announces lower out of pocket insulin costs for Medicare’s seniors
26 May 2020 - Across the nation, 88 Part D Sponsors applied to the Part D Senior Savings Model to offer enhanced plans with a maximum $35 copay for a broad set of insulins beginning in 2021.
The model follows on the Trump Administration’s previously announced 13.5% decline in the average monthly basic Part D premium since 2017 to the lowest level in seven years.
Currently, Part D sponsors may offer prescription drug plans that provide lower cost-sharing in the coverage gap; however, when they do, the Part D sponsor accrues costs that pharmaceutical manufacturers would normally pay.
