Filed Under:Health Insurance, Medicare

CMS: Average Drug Plan Bid Amount Falls Again

Acting CMS Director Marily Tavenner (AP Photo/Steve Helber)
Acting CMS Director Marily Tavenner (AP Photo/Steve Helber)

The Medicare Part D prescription drug plan bidding process should help hold down drug coverage costs in 2013, officials say.

The national average monthly bid amount will fall to $79.64 in 2013, from 5.8% $84.50 this year, according to Paul Spitalnic, an official at the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS).

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Nichole Morford

Nichole Morford
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