PhRMA Statement on Medicare Part D Premiums

Washington, D.C. (August 19, 2010) – Pharmaceutical Research and Manufacturers of America (PhRMA) Senior Vice President Wes Metheny issued the following statement today on the Medicare Part D program: “Since its inception, Medicare Part D has provided seniors and disabled Americans with unprecedented access to medicines at affordable prices. This track record of success continues with the Centers for Medicare and Medicaid Services’ estimate of a $30 average monthly Part D premium in 2011, which represents only a $1 increase from this year’s level.