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Medicare Pays for 1/3 of U.S. Prescription

Posted by www.psmbrokerage.com Admin on Tue, Oct 08, 2019 @ 03:02 PM

Medicare Pays for 1/3 of U.S. Prescription

The majority of Medicare voluminous prescription drug spending is for drugs covered under Part D, although Part B also covers medicine; this spending accounts for 30 percent of national retail spending on drugs, and nearly $1 out of every $5 in total Medicare spending. 

medicare drug spending chart


Prescription drugs are an important component of health care for Medicare beneficiaries, which includes more than 60 million older adults and people with long-term disabilities.

The majority of Medicare prescription drug spending is for drugs covered under Part D, the outpatient prescription drug benefit. Medicare Part B also covers drugs that are administered to patients in physician offices and other outpatient settings.


A majority of Americans favors allowing the federal government to negotiate prescription drug prices on behalf of Part D beneficiaries;
the practice is prohibited under current law.


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Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

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