Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|CMS Announces Medicare Drug Spending Dashboard|
Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS]
Dec. 22, 2015
"CMS is releasing a new online dashboard to provide information on Medicare spending on prescription drugs, for both Part B ... and Part D ... The dashboard includes information on each prescription drug, including cost trend analysis, brand names, generics, and the name of the manufacturer, and provides easily searchable, detailed information and data. The 80 prescription drugs included in the dashboard represent 33 percent of all Part D spending and 71 percent of Part B drug spending in 2014, or $55 billion of the more than $143 billion in Medicare prescription drug spending in 2014. Prescription drug spending in Parts B and D was 14 percent of total Medicare spending in 2014, up from 11 percent in 2010 -- just five years ago."
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