Fact Sheet

Out-Of-Pocket Trends In Medicare Part D Show Rising Costs For Seniors

A teaser image of a fact sheet from PhRMA titled "Out-Of-Pocket Trends In Medicare Part D Show Rising Costs For Seniors"

A new study based on IQVIA data shows alarming trends in rising out-of-pocket costs for brand medicines among Medicare Part D beneficiaries with serious and complex conditions like cancer, HIV and multiple sclerosis. The analysis, which looked at spending trends among non-low-income subsidy Part D beneficiaries from 2015 to 2019 across all brand medicines and several therapeutic areas, reaffirms the need for targeted solutions to strengthen the program. Here are three findings you should know.