By the Washington Post
Rep. Henry Waxman (D-Calif.) contends Medicare officials have a problem with their math. The Bush administration said last month that beneficiaries who stay in their Medicare prescription drug plan will pay an average of $24 a month in premiums next year, the same as this year. But according to Waxman, average prescription drug premiums in what is known as Medicare Part D will rise to $29 a month in 2007. He cited an analysis by the Democratic staff of the House Government Reform Committee, on which he is the ranking minority member. "The department's numbers appear to be wrong, and they disguise significant increases in premiums for Medicare drug plans," Waxman wrote in a letter to HHS Secretary Mike Leavitt. CMS chief Mark McClellan stood by the administration's estimate.
Read the full story.
Read Waxmans comments.
Read a CMS fact sheet on Medicare drug coverage savings.