Posted by Michael Wonder on 27 Nov 2018
Trump moves to lower Medicare drug costs by relaxing some patient protections
26 November 2018 - Approximately 45 million people have outpatient drug coverage through Part D of Medicare.
The Trump administration proposed on Monday to cut costs for Medicare by reducing the number of prescription drugs that must be made available to people with cancer, AIDS, depression, schizophrenia and certain other conditions.
Under the proposal, health insurance plans that provide drug coverage to Medicare beneficiaries would no longer have to cover all of the drugs in six “protected classes.”
The change would take effect in 2020 and would lead to lower out-of-pocket costs for Medicare beneficiaries, the administration said.
