The PAN Foundation signs Alliance for Aging Research Coalition letter to the Center for Medicare and Medicaid

Under the traditional Part D benefit design, many beneficiaries encounter extraordinary variation in their monthly out-of-pocket costs, with extraordinary cost-sharing is in the early months of the calendar year.

These high costs concentrated at the beginning of the year force patients to make difficult financial choices. Survey work by the Patient Access Network (PAN) found that almost 30 percent of the Medicare beneficiaries with high out-of-pocket drug costs reported taking less than their prescribed dose of medication, 23 percent delayed starting a treatment or stopped taking their treatment, and 22 percent prioritized paying for the medication for one condition over another1.