Medicare Part D price protection may be on its last legs for seniors.

That's according to the Center for Retirement Research at Boston College, which singled out research from the Kaiser Family Foundation on price spikes for specialty drugs as a threat to seniors' ability to manage their out-of-pocket drug spending.

Price hikes on drugs were a major source of headlines during 2015, with former Turing Pharmaceuticals CEO Martin Shkreli coming in for a firestorm of criticism after his company increased the price on Daraprim, a drug used by cancer and AIDS patients by 5,000 percent.

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