According to new data released by Health and Human Services (HHS), the 2013 average monthly Medicare Part D prescription drug plan premium is expected to be $30, a figure far lower than the $41 figure that was originally estimated in 2003. The premium figure confirms the success of Medicare Part D plans in delivering savings, said the Pharmaceutical Care Management Association (PCMA) today.

“With the help of pharmacy benefit managers, Part D sponsors continue to exceed expectations in terms of savings, choice, and satisfaction in Medicare,” said PCMA President and CEO Mark Merritt. “Part D is a rarity among federal programs in that it actually comes in under budget each year.”