Study: Insurers Insufficiently Reimbursed for Low-Income Medicare Part D Segment

A new study in the journal Health Affairs found that numerous insurers have stopped serving the low-income segment of the Medicare Part D program because they are not being sufficiently reimbursed for the relatively high medication use among this population.

Because of this, many insurers have increased their premiums for all beneficiaries, leading millions of people to switch prescription drug plans.

The study's authors note that when Medicare Part D was created, the hope was that competition between private plans would lead to lower premiums for beneficiaries - but this hasn't happened.

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