Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Web Event: Rx Drugs and the U.S. Health System – A Conversation about Medicare Prescription Drug Costs Presented by the Kaiser Family Foundation Wednesday, September 7, 2016 12:00 p.m. ET to 1:00 p.m. ET Total U.S. prescription drug spending, in $ billions: $564 Medicare Actual Projected Medicaid Out of pocket Other payers Private health insurance $495 $464 $328 $205 $236 $241 21% 18% 20% 9% 8% 25% 23% 22% 21% 19% 5% 5% 5% 5% 5% 2% 18% 50% 46% 45% 8% 45% 8% 46% 23% 8% 24% 8% 18% 18% 5% 5% 46% 45% 26% 8% 28% 8% 17% 16% 5% 4% 44% 43% 9% 9% 15% 4% 43% 9% 15% 14% 4% 4% 44% 33% 33% 31% 29% 22% 33% $385 9% 32% 30% 29% $265 $253 $253 $259 $259 34% $409 $343 $298 Part D begins! 34% $435 WE ARE HERE $364 $224 $528 43% 9% 14% 4% 43% 9% 31% 9% 13% 4% 43% 9% 13% 4% 42% 9% 13% 4% 42% 9% 13% 4% 42% 9% 13% 4% 42% 12% 4% 41% 12% 4% 41% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 NOTE: Medicaid prescription drug spending accounts for rebates. SOURCE: Kaiser Family Foundation analysis of CMS National Health Expenditure Data for Historical (CY2005-2014) and Projected (CY2015-2024) Retail Prescription Drug Expenditures, 2013-2024. Projected average annual growth in Medicare per beneficiary spending for Parts A, B, and D between 2015-2025 5.8% 4.6% 3.2% Part A Part B Part D Average Medicare per beneficiary spending: 2015 2025 $5,019 $6,901 SOURCE: 2016 Medicare Trustees Report (Table V.D1). $5,522 $8,642 $2,203 $3,861 Per Capita Part D benefit spending growth rates (average annual growth) 6.0% 2.5% Actual 2006-2015 Projected 2015-2025 SOURCE: Kaiser Family Foundation analysis of data from 2016 Medicare Trustees Report (Table III.D4). Hepatitis C 43% 57% $6,516 Sovaldi 42% 58% $6,608 Harvoni 39% Cancer Rheumatoid Arthritis Multiple Sclerosis Viekira Pak $5,979 53% Tecfidera 51% 49% Copaxone 49% 51% 65% 47% 35% $6,235 $6,448 $4,413 Humira 65% 35% $4,864 Enbrel 66% 34% $4,872 Zytiga 38% Gleevec 33% Revlimid 24% $0 $2,000 Up to catastrophic coverage phase In catastrophic coverage phase $7,153 61% Avonex Orencia Median on-formulary out-ofpocket costs in 2016: $7,227 62% $8,503 67% $11,538 76% $4,000 $6,000 $8,000 $10,000 $12,000 NOTE: Analysis includes 20 national and near-national stand-alone prescription drug plans in Baltimore, MD (zip code 21201) and reflects pricing at a Rite Aid pharmacy in this zip code. SOURCE: Georgetown/Kaiser Family Foundation analysis of 2016 Medicare Plan Finder data. $14,000 Percent who say they favor each of the following: Requiring drug companies to release information to the public on how they set their drug prices 86% Allowing the federal government to negotiate with drug companies to get a lower price on medications for people on Medicare 83% Limiting the amount drug companies can charge for high-cost drugs for illnesses like hepatitis or cancer 76% Allowing Americans to buy prescription drugs imported from Canada Encouraging people to buy lower cost drugs by requiring them to pay a higher share if they choose a similar, higher cost drug NOTE: Items asked of half sample. SOURCE: Kaiser Family Foundation Health Tracking Poll (conducted August 6-11, 2015). 72% 48% Past and projected Medicare Part D premiums and deductibles: $900 $811 $770 $800 $700 $846 $730 Annual Part D premium $658 $694 $618 WE ARE HERE $566 $600 $487 $500 $400 $383 $388 $373 $374 $389 $398 $409 $485 $400 $410 $300 $310 $310 $320 $325 $310 $320 $520 $550 $580 $610 $645 $445 $360 Annual Part D deductible $200 $100 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 SOURCE: 2016 Medicare Trustees Report (Table V.E2). Kaiser Family Foundation Resources 10 Essential Facts About Medicare and Prescription Drug Spending http://kff.org/infographic/10-essential-facts-about-medicare-and-prescription-drugspending It Pays to Shop: Variation in Out-of-Pocket Costs for Medicare Part D Enrollees in 2016 http://kff.org/medicare/issue-brief/it-pays-to-shop-variation-in-out-of-pocket-costs-formedicare-part-d-enrollees-in-2016 Fact Sheet: Medicare Part D Prescription Drug Benefit http://kff.org/medicare/fact-sheet/the-medicare-prescription-drug-benefit-fact-sheet Medicare Part D in 2016 and Trends over Time Coming Soon! Additional Resources on Health Costs and Medicare http://kff.org/health-costs http://kff.org/medicare