The American Action Forum says moving more cost responsibility to insurance companies and drugmakers could help stymie rising costs for beneficiaries under Medicare Part D.
According to a Fierce Healthcare report, the AAF in its report suggested the following policy changes:
- Put a cap on out-of-pocket expenses;
- Mandate manufacturers to pay rebates;
- Cut back government’s rate of resinsunrance; and
- Boost a plan’s liability during the catastrophic phase.
“Rising drug prices and the shift toward more expensive drugs has certainly contributed significantly to (the) increase in catastrophic coverage expenditures, and will contribute more going forward,” the AAF report states.
Tara O’Neill, AAF deputy director of health policy, says the advocacy group’s proposal would not shift a majority of the cost responsibility onto insurance companies or drugmakers. The government must, by law, cover two-thirds of Part D costs.
To read the full report on Fierce Healthcare, click here.
