Some fun facts from Kaiser Family Foundation about Medicare Part D, which covers prescription drugs.
Enrollment has doubled since Part D’s inception in 2019.
Enrollment in managed care drug plans (i.e., Medicare Advantage Part D Plans [MA-PD]) has continued to grow, but enrollment in stand alone Part D Plans [PDP] has leveled off or decreased.
Combined, UnitedHealth, Humana, and CVS Health cover almost 60% of all Medicare Part D enrollees
Despite media reports of rising drug prices, Part D plan premium increases are modest.