Spending on prescription drugs in the Medicare Part D Prescription Drug Program rose 17 percent in 2014, according to new data released by the Centers for Medicare & Medicaid Services (CMS).
The data show that Medicare Part D spending increases outpaced overall prescription drug spending increases, which rose 12.6 percent during the same period.
This second annual data release is part of the administration’s strategy to create a more-transparent health care system. The data set includes information from more than 1 million health care providers on prescription drugs paid for by Medicare Part D, including aggregate information on opioids, antibiotics, antipsychotics, and high-risk medications for the elderly.
Contact Director of Policy Erin O’Malley at email@example.com or 202.585.0127 with questions.