posted by AHIP
on May 26, 2020
WASHINGTON, D.C. – Matt Eyles, president and CEO of America’s Health Insurance Plans (AHIP), issued this statement following today’s announcement from the Centers for Medicare & Medicaid Services (CMS), which reported that more than 1,750 standalone Medicare Part D and Medicare Advantage plans with prescription drug coverage have applied to offer lower insulin costs through the Part D Senior Savings Model for the 2021 plan year:
“Every American should be able to get the medications they need at a cost they can afford – particularly those with chronic health conditions like diabetes. That’s why health insurance providers work hard to reduce prices for the life-saving medications that millions of Americans depend on every day.
“We applaud President Trump and his Administration for making the affordability of prescription drugs a top priority. Innovative voluntary programs like this Part D Senior Savings Model are an excellent example of public-private partnerships where everyone wins, but especially patients. This program builds on steps the Administration has already taken to empower Medicare Advantage plans to provide additional supplemental benefits for diabetic patients. We are proud to work together to support this bold initiative to sustainably improve the affordability of insulin for seniors and people with disabilities.
“Health insurance providers are committed to working with the Administration, Congress, and all other partners across the health care system to lower health care and prescription drug prices and costs for all Americans. Working together, we can make prescription drugs more affordable, limit premium increases, and support innovation that results in new treatments and cures for patients.”
AHIP is the national association whose members provide coverage for health care and related services to hundreds of millions of Americans every day. Through these offerings, we improve and protect the health and financial security of consumers, families, businesses, communities and the nation. We are committed to market-based solutions and public-private partnerships that improve affordability, value, access, and well-being for consumers. Visit www.ahip.org for more information.