Web Event: Rx Drugs and the U. S

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Presentation transcript:

Web Event: Rx Drugs and the U. S Web Event: Rx Drugs and the U.S. Health System – A Conversation about Medicare Prescription Drug Costs Presented by the Kaiser Family Foundation Wednesday, September 7, 2016 12:00 p.m. ET to 1:00 p.m. ET

Total U.S. prescription drug spending, in $ billions: Actual Projected WE ARE HERE Part D begins! Change colors NOTE: Medicaid prescription drug spending accounts for rebates. SOURCE: Kaiser Family Foundation analysis of CMS National Health Expenditure Data for Historical (CY2005-2014) and Projected (CY2015-2024) Retail Prescription Drug Expenditures, 2013-2024.

Projected average annual growth in Medicare per beneficiary spending for Parts A, B, and D between 2015-2025 Average Medicare per beneficiary spending: 2015 2025 $5,019 $5,522 $2,203 $6,901 $8,642 $3,861 SOURCE: 2016 Medicare Trustees Report (Table V.D1).

Per Capita Part D benefit spending growth rates (average annual growth) Actual 2006-2015 Projected 2015-2025 SOURCE: Kaiser Family Foundation analysis of data from 2016 Medicare Trustees Report (Table III.D4).

Median on-formulary out-of-pocket costs in 2016: $6,516 Hepatitis C $6,516 Up to catastrophic coverage phase $6,608 In catastrophic coverage phase $7,153 Multiple Sclerosis $5,979 $6,235 $6,448 Rheumatoid Arthritis $4,413 $4,864 $4,872 Cancer $7,227 $8,503 $11,538 NOTE: Analysis includes 20 national and near-national stand-alone prescription drug plans in Baltimore, MD (zip code 21201) and reflects pricing at a Rite Aid pharmacy in this zip code. SOURCE: Georgetown/Kaiser Family Foundation analysis of 2016 Medicare Plan Finder data.

Percent who say they favor each of the following: NOTE: Items asked of half sample. SOURCE: Kaiser Family Foundation Health Tracking Poll (conducted August 6-11, 2015).

Annual Part D deductible Past and projected Medicare Part D premiums and deductibles: Annual Part D premium WE ARE HERE Annual Part D deductible SOURCE: 2016 Medicare Trustees Report (Table V.E2).

Kaiser Family Foundation Resources 10 Essential Facts About Medicare and Prescription Drug Spending http://kff.org/infographic/10-essential-facts-about-medicare-and-prescription-drug-spending It Pays to Shop: Variation in Out-of-Pocket Costs for Medicare Part D Enrollees in 2016 http://kff.org/medicare/issue-brief/it-pays-to-shop-variation-in-out-of-pocket-costs-for-medicare-part-d-enrollees-in-2016 Fact Sheet: Medicare Part D Prescription Drug Benefit http://kff.org/medicare/fact-sheet/the-medicare-prescription-drug-benefit-fact-sheet Medicare Part D in 2016 and Trends over Time Coming Soon! Additional Resources on Health Costs and Medicare http://kff.org/health-costs http://kff.org/medicare