Updating Medicare and Increasing Competition to Lower Prescription Costs
Pharmacy Benefit Managers (PBMs) work hard every day to increase the affordability and accessibility of prescription drugs for patients. There are important policy changes that can help PBMs achieve their mission to lower prescription drug costs. One is updating Medicare Part D to cap annual out-of-pocket costs, and the other is increasing competition in the Rx marketplace, which will ultimately bring down prescription costs.
By capping the annual out-of-pocket costs for Part D beneficiaries, patients will be protected from unexpected high costs. Capping the annual out-of-pocket costs will also make cost-sharing more affordable and manageable for patients. This policy change will make a real difference in the lives of patients, providing better access to new medications.
Learn more about updating Medicare Part D, and how increasing competition will ultimately lower prescription drug costs for patients.
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Pharmacy benefit managers (PBMs) are your advocates in the health care system, working to lower out-of-control prescription drug costs for patients across the country.