How the Government Would Negotiate Drug Prices

Medicare Part D premiums have been flat in recent years but will increase by 13 percent from 2015 to 2016. For 2016, the average monthly premium across Part D plans (PDPs) is $41.46. PDPs are also increasingly placing high-cost drugs on specialty tiers within formularies, which require patients to pay as much as 33 percent of the cost of these medications.