CMS updates Medicare, Medicaid drug spending dashboards聽
The Centers for Medicare & Medicaid Services today updated its Medicare and Medicaid drug spending with 2017 data. The dashboards show trends in average spending per dosage unit for prescription drugs paid under Medicare Parts B and D and Medicaid, drugs with limited to no competition, and the list price of different medications for a given condition. 鈥淭he dashboards pinpoint the sources of rising prescription drug prices to help guide our continued work to address this problem,鈥 CMS Administrator Seema Verma. 鈥淔rom 2013-2017, prescription drug spending grew at an average annual rate of 10.6 percent in Medicare Part D, 10.0 percent in Part B, and 14.8 percent in Medicaid 鈥 this is one of our fastest areas of growth.鈥 In 2017, total gross spending on prescription drugs was $154.9 billion in Medicare Part D, $30.4 billion in Part B, and $67.6 billion in Medicaid.