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Private Medicare insurers struggle with prescription drug plans
Modern Healthcare: Private Medicare insurers are failing to deliver Part D prescription drug plans with the highest star ratings.
The number of Medicare Part D prescription drug plan members who will be in plans with four stars or more in 2019 dropped sharply to 3.5% of all members compared to 47% last year, CMS data released on Wednesday showed.
The average star-ratings performance of stand-alone Part D plans, which are managed by pharmacy benefit management companies and health insurers, has bobbled up and down for years but has always hovered below four stars. The Part D plans fared worse in 2019 than they have in the last five years.
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