Part D Payment Modernization Model Calendar Year (CY) 2022 Fact Sheet

(Source – www.cms.gov/newsroom)

In January 2020, the Centers for Medicare & Medicaid Services (CMS) Center for Medicare & Medicaid Innovation (CMS Innovation Center) launched the Part D Payment Modernization Model (the “PDM Model” or the “Model”) to voluntarily test the impact of a modernized Part D program design that includes flexibilities to reduce beneficiary out-of-pocket costs and overall Part D prescription drug spending. The Model aims to reduce Medicare expenditures while enhancing or preserving quality of care for beneficiaries.  Continue reading here…

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