Policymakers Weighing Changes to Prescription Drug Program Must Keep in Mind Seniors’ Approval of Part D’s Choices, Value & Convenience, Medicare Today Chair Said
WASHINGTON – More than a decade after its initial launch, the Medicare Part D prescription drug program remains overwhelmingly popular with American seniors, according to Medicare Today’s annual Senior Satisfaction Survey. The nationwide survey of approximately 2,000 seniors conducted by Morning Consult found that 87 percent are satisfied with their Part D coverage and 90 percent believe their prescription drug costs would be much higher if they didn’t have prescription drug coverage through Part D.
“This survey shows the program continues to work extremely well,” said Mary R. Grealy, chair of Medicare Today and president of the Healthcare Leadership Council, a coalition of chief executives from all sectors of American health care. “Part D provides affordable access to prescription medications for seniors and individuals with disabilities, and beneficiaries are satisfied with the choices the program offers. They understand the great value it adds to their lives.”
Sign the letter to Congress
In 2010, the Patient Protection and Affordable Care Act (PPACA [P.L. 111-148]) created the Independent Payment Advisory Board (IPAB), a board appointed by the President and empowered to make recommendations to cut spending in Medicare if its spending growth reaches certain arbitrary levels.
Over the last several years many of you have been supportive of efforts to repeal IPAB. To that end, there has been success in building support for repeal through co-sponsorship of IPAB repeal legislation, hearings, votes, teletownhalls, media, and our previous large group sign-on letter efforts.
“Large Majorities Say Their Plan Is a Good Value, Feel Consumer Choice is Important Feature of Part D”
WASHINGTON – Medicare Part D prescription drug coverage continues to enjoy overwhelming approval among the nation’s seniors, according to a nationwide survey released today by Medicare Today. Eighty-nine percent of Americans age 65 and older are satisfied with their coverage and 85 percent say that they consider their Medicare drug plan to be a good value.
The survey of approximately 2,000 seniors – conducted by Morning Consult on behalf of the nonpartisan Medicare Today alliance – also found 80 percent of seniors said their total out-of-pocket costs are reasonable.
“No one wants a future in which the only ways to make Medicare financially secure are by reducing access or undermining healthcare quality.”
Today’s report by the Medicare Trustees is a sharp reminder that time is limited for policymakers to take prudent, responsible action to secure Medicare’s financial future for generations to come.
In spite of the successful efforts of multiple health industry sectors to significantly reduce Medicare’s per capita annual cost increases, the Trustees continue to project that Medicare will reach insolvency after 2030. So, according to these projections, today’s 50-year-olds who are beginning to think about their retirement years do not have assurance that Medicare will be a sustainable, affordable program after they reach 65.
Letter to Capitol Hill Says IPAB, Once Implemented, “Would Be Devastating to Patients” and Will Shift Costs to Consumers, Employers
WASHINGTON – Over 500 national and state-based organizations, representing virtually every state in the union, have signed a letter to Congress calling upon lawmakers to repeal the Independent Payment Advisory Board (IPAB) provision of the Affordable Care Act, an entity they say would impair Medicare beneficiaries’ access to care and remove public accountability from the Medicare decisionmaking process.
The letter reaches Congress at a time in which bipartisan IPAB repeal legislation in the U.S. House – the “Protecting Seniors’ Access to Medicare Act” introduced by Representatives Phil Roe (R-TN) and Linda Sanchez (D-CA) – currently has 220 additional cosponsors, a majority of the House.
Visit SeniorsSpeakOut.org for Information on Medicare Part D
To help ensure that seniors, caregivers and advocates get reliable information and engage with one another on issues and best practices critical to older Americans, Medicare Today, an initiative of the Healthcare Leadership Council, has launched the “Seniors Speak Out” interactive website.
75 Percent of Seniors Concerned About Reducing the Number of Part D Plan Choices Available to Them
WASHINGTON – A new nationwide survey of 65-and-older Americans confirmed overwhelming support of the Medicare Part D prescription drug program, with 86 percent saying they are satisfied with their plans and similar numbers noting their premiums and co-pays are affordable.
CMS Decision to Not Move Forward with Key Provisions of Proposed Regulations Preserves Integrity, Efficacy of Medicare Prescription Drug Program
WASHINGTON – The Medicare Today coalition today commended the leadership of the Centers for Medicare and Medicaid Services (CMS) for its decision to refrain from moving forward with certain provisions of its proposed regulatory changes to the Medicare Part D prescription drug program. CMS, said Healthcare Leadership Council president and Medicare Today co-chair Mary R. Grealy, demonstrated its responsiveness to public concerns about the impact the proposed regulations would have on beneficiaries.
The Centers for Medicare and Medicaid Services (CMS) has issued proposed regulations that would bring about significant changes to Medicare Advantage and to the Medicare Part D prescription drug program. Organizations representing patients and healthcare providers are raising serious concerns about the proposed rules and how they will affect programs that have been extremely effective in strengthening patient health and containing taxpayer and beneficiary costs.These groups recommend strongly that the proposed regulations be rescinded and that they are prepared to work with CMS to develop more productive approaches that build on the strengths of Medicare Advantage and Medicare Part D without harming beneficiaries.