Fixing Part D Coverage Gap ‘Cliff’ Is Right Way To Lower Costs, PhRMA Says

A little- known provision in the Affordable Care Act that suppressed the upward trend in out-of-pocket spending required before Medicare Part D beneficiaries emerge from the coverage gap and reach catastrophic coverage is slated to sunset in 2019.

That could mean that unless Congress changes things, seniors will face nearly $1,500 in additional costs in 2020 before they...