RetireSafe Celebrates Medicare Part D Prescription Drug Plan Premiums Holding Steady for 2012
Washington, DC (August 4, 2011) – Today, RetireSafe celebrated, on behalf of the organization’s more than 400,000 senior-citizen supporters, the good news that Medicare Part D Prescription Drug Plan premiums will remain constant in 2012, actually coming in just under the present premium level. Following close on the heels of the Centers for Medicare and Medicare Services (CMS)/Department of Health and Human Services (HHS) announcement regarding the premiums for next year, RetireSafe President Thair Phillips called the steady premium estimate “great news for America’s hard-pressed seniors.”
“This continues to verify our predictions, starting in late 2003 when this program was passed and signed into law, that competitive private drug plans would continue to hold costs down for Part D beneficiaries,” Phillips continued. “Medicare Part D is not only one of the few government programs ever to come in under budget, it also provides consistent premiums that beneficiaries can count on,” he added.
Phillips went on to note, “According to HHS announcement, the average monthly Medicare Prescription Drug Plan premium in 2012 will be about $30, while the average premium in 2011 is $30.76.” “With Part D annual beneficiary satisfaction rates in the 90 percent range every year, a flat to declining year-over-year premium change only adds to our conviction that the original design was a good one for the older Americans served by this important program,” he said.
Phillips called the premium news “cause for major celebration given the higher costs of living seniors face on every front.” “The news also serves as a continuing reminder of the outstanding work of the original Congressional designers of the Medicare Part D Prescription Drug Plan our seniors enjoy today,” he noted. “I hope the present Congress and the current Administration will keep that in mind as changes that could harm the Part D Plan are proposed in the future,” Phillips concluded.