Part D Redesign Pushes 2025 Bid Amounts Up As CMS Demo Aims To ‘Stabilize’ PDPs

 
• By Cathy Kelly
  
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It is not yet clear how much premiums may increase in standalone enhanced Medicare Part D plans for 2025 because the demonstration is designed to blunt the financial pressures imposed by the Inflation Reduction Act’s benefit redesign.

The Medicare Part D Program is Heading Into A Major Transition Period. • Source: Shutterstock

Medicare Part D plan bids for 2025 more than doubled on average from 2024, primarily reflecting a shift in government payments that are part of the Inflation Reduction Act’s benefit redesign, which will be fully in effect next year, the Centers for Medicare and Medicaid Services announced 29 July.

Key Takeaways

  • The 2025 Medicare Part D bid announcement offers an early indication of how the benefit redesign will impact coverage and drug access.

The national average monthly bid amount is an enrollment-weighted average of annual Part D plan bids for basic benefits, with...

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