The average Medicare Part D prescription drug plan rate may be going down in 2012, but 6 of the top 10 players in the market are raising prices.
Avalere Health L.L.C., Washington, a health policy firm, has analyzed Medicare drug coverage price changes in a commentary based on an in-house Medicare drug plan database and data from the Centers for Medicare & Medicaid Services (CMS).
CMS officials recently announced that overall Medicare drug coverage prices will be decreasing 4%.
But the Medicare drug plan operated by a unit of UnitedHealth Group Inc., Minnetonka, Minn. (NYSE:UNH), is the market leader, with 4.7 million enrollees, and that plan will be increasing premiums by an average of 14%, Avalere says.
The second largest plan will be increasing premiums 4%.