As politicians begin to consider cuts to federal entitlements, one item appears to be totally off-limits. That’s the Medicare Part D prescription drug benefit, the most popular new entity created since 1965, and also the most costly.

Through Part D premiums, seniors pay 25 percent of the total cost of Part D (about $1,800 per participant per year), with virtually all of the rest coming from automatic annual Treasury appropriations. Over the next decade, the Medicare trustees expect Part D spending to increase by 9.5 percent per year, and the total pay-as-you-go cost to the U.S. Treasury, including interest, will be about $1 trillion.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.