The $9.10 monthly increase was attributed to more spending on medications. CMS cited rising spending for drugs administered in physician offices.
“These higher costs have a ripple effect and result in higher Part B premiums and deductible,” the federal agency said.
The premium only rose $1.50 from 2018 to 2019.
The annual deductible for 2020 will be $198 per year, up $13 from last year.
More articles on pharmacy:
Endo CEO to retire
Trump administration sues Gilead
CVS to close 22 ‘underperforming’ stores
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
