February 6, 2014
AAF Study Finds that New CMS Rules for Part D Could Cut Benefits and Raise Premiums for Seniors
Washington – The American Action Forum (@AAF) today released new research examining the recent proposed regulations for Medicare Part D issued by the Center for Medicare and Medicaid Services (CMS). The research, authored by AAF President Douglas Holtz-Eakin and AAF Health Care expert Angela Boothe, finds that if the CMS regulations are implemented taxpayers will face higher budget costs, millions of seniors will lose their preferred plans, overall benefits will diminish, and premiums will rise.
Holtz-Eakin and Boothe conclude in the research: “Part D is a program that came in under cost projections over the last ten years, provided affordable coverage for seniors, and continues to encourage lower costs of prescription drug plans. The implementation of these regulations would negatively impact the market-based design and the popularity of the Part D program.”
Read the research Here