Advanced Search

Medicare Compliance & Reimbursement

Industry News:

Medicare Drug Plans Slated for Double-Digit Hikes in 2011

Published on Mon Sep 06, 2010

At least seven of the top 10 National plans will charge higher premiums. Millions of seniors are facing significant hikes in their Medicare prescription premiums next year, making shopping for cheaper coverage a necessity. New analysis of government data finds that premiums will go up an average of 10 percent among the top plans that have signed up some 70 percent of seniors, according to Avalere Health, a private research firm that crunched the numbers. (http://www.avalerehealth.net) Seniors will see some of the biggest changes since the Medicare prescription benefit became available in 2006, Avalere confirms. At present, more than 17 million are enrolled in private drug plans that Medicare offers. "People are just going to have to get on top of this and shop around," said Dan Mendelson, president of Avalere, which does research for industry and government. "Beneficiaries are really going to have to reassess their plans for [...]
You’ve reached your limit of free articles. Already a subscriber? Log in.
Not a subscriber? Subscribe today to continue reading this article. Plus, you’ll get:
  • Simple explanations of current healthcare regulations and payer programs
  • Real-world reporting scenarios solved by our expert coders
  • Industry news, such as MAC and RAC activities, the OIG Work Plan, and CERT reports
  • Instant access to every article ever published in your eNewsletter
  • 6 annual AAPC-approved CEUs*
  • The latest updates for CPT®, ICD-10-CM, HCPCS Level II, NCCI edits, modifiers, compliance, technology, practice management, and more
*CEUs available with select eNewsletters.

Other Articles in this issue of

Medicare Compliance & Reimbursement

View All