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Medicare Part D Premiums Continue to Decline in 2019

Posted on Wednesday, August 1, 2018 6:18 PM

This week, CMS announced that for the second year in a row, the average basic plan premium for a Medicare Part D drug plan has decreased from $33.59 to $32.50.

“President Trump and Secretary Azar have made clear that prescription drug costs must come down. The actions that HHS and CMS are taking to increase competition in order to drive down costs for patients are working,” said CMS Administrator Seema Verma. “CMS will continue to strengthen the Part D program and bolster plans’ negotiating power so they can get the best deal for seniors from prescription drug manufacturers.”

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