CMS Announces Indexed Medicare Part D Amounts for 2011
April 16, 2010
On April 5, 2010, the Centers for Medicare & Medicaid Services (CMS) announced the indexed Medicare Part D standard benefit and Retiree Drug Subsidy (RDS) amounts for 2011. A new Sibson Capital Checkup features charts comparing the 2011 numbers to the 2010 numbers.
The Medicare Modernization Act (MMA) requires CMS to announce indexed Medicare Part D standard defined benefit amounts each year that reflect the increase in drug costs. In 2011, the Medicare Part D standard defined benefit amounts will increase by 0.31 percent, a rate that is based on drug cost increases of 4.63 percent in 2010 (almost the same trend as one year earlier: 4.66 percent), adjusted by CMS for prior year revisions.
This Capital Checkup also discusses changes to Medicare introduced by the new national health care reform law.
Read the April 15, 2010 Capital Checkup, "CMS Announces Indexed Medicare Part D Amounts for 2011"