Medicare :: Medicare expects to recover $4 billion from Part D plans following 2006 plan reconciliation
The Centers for Medicare & Medicaid Services (CMS) announced that the agency will collect $4 billion from Part D drug plan sponsors due to lower-than-expected drug costs in 2006, the first year of the Medicare drug program. This collection results from the payment reconciliation that CMS has completed for 2006, including the application of risk sharing created under the Medicare Modernization Act (MMA).