CMS Rulemaking and Medicare Part D: Stifling Innovation, Limiting Access, and Decreasing Quality

In January the Center for Medicare and Medicaid Services (CMS) proposed new regulations for Medicare Part D that would limit plan options, restrict competition, and interfere with plans’ negotiations. Under the guise of ordinary rulemaking, the proposed regulations are a fundamental contravention of the policy principles that have made Part D a popular, low-cost, and innovative program. If implemented, the taxpayer will face higher budget costs, millions of seniors will lose their preferred plans, benefits will diminish, and premiums will rise.

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