The Medicare Part D prescription drug benefit successfully provides prescription drug coverage for over 31 million seniors and has repeatedly received accolades and high praise from its beneficiaries. It stands as an excellent example of a government program that exceeds expectations while costing less than anticipated. The program has delivered savings to the tune of $5.7 billion for seniors and taxpayers. In short, Part D works.
With market-driven competition and a range of coverage options built into the program, Part D successfully promotes affordability and access to medicines. In 2013, the program celebrated ten years of helping America's seniors. Potential changes to the policy continue to threaten the quality of the cost-effective treatments available under the program. Doing whatever we can to ensure that Part D remains unchanged will keep America's seniors covered.