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Published on: April 23, 2019
Ultra-Expensive Drugs And Medicare Part D: Spending And Beneficiary Use Up Sharply
So-Yeon Kang1, Daniel Polsky2, Jodi B Segal3
1So-Yeon Kang (Soyeon.Kang@jhu.edu) is a PhD student in the Department of Health Policy and Management, Johns Hopkins Bloomberg School of Public Health, in Baltimore, Maryland.
Abstract:
The proliferation of "ultra-expensive" drugs has sparked debate on their sustainability and affordability. Medicare Part D's share of annual spending on these drugs increased by 1,170 percent between 2012 and 2018, largely because the number of beneficiaries receiving them increased during this period.
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