New drug rule protects Medicare beneficiaries
Dr. Mark McClellan, administrator of the Centers for Medicare and medicaid services, summarized the policy this way: “In general, a plan cannot change your coverage for the drugs you are using during the year. The stability of drug formularies is extremely important for many of our beneficiaries.”
Karen Ignagni, president of America’s health insurance plans, an industry trade group, said her organization supported the new federal requirement. She said the federal policy “will have a financial impact,” increasing costs for insurers under Medicare. But, she said, “you need to balance that with the goal of providing continuity of drug coverage and peace of mind to beneficiaries.”.
Read more on this topic.