write a short response that includes one different source/article, cited in APA format and cite information in-text.
Article Option #1
In March of this year, the Centers for Medicare and Medicaid Services (CMS) launched the Part D Senior Savings Model. This voluntary model allows participating Part D enhanced plans to lower Medicare patient’s out of pocket insulin costs to a max of $35 per month. This would allow Medicare patients to save an average of $446 annually in out of pocket costs for insulin. The benefits to the model includes consistent and predictable access to the insulin that these diabetic patients need. It is then projected that overall health will improve and total costs for seniors will decrease. Average monthly premiums for Part D Medicare members are $32.09 for the basic plan and $49.32 for the enhanced plan, with about 80% of the drug plans being enhanced plans. Part D members had until May 1st to submit their application for enrollment into this plan model (CMS, 2020). As of 2018, the CDC states that more than 30 million Americans have diabetes, 12 million of them being seniors 65 and older (CDC, 2020). As providers, having an initiative in place that helps our diabetic Medicare population afford drug leads to better patient outcomes. Being knowledgeable about these types of new initiatives is also important so that we can educate patients that are unaware that these new models exist.
Centers for Disease Control and Prevention (CDC). (2020). National diabetes statistics reports 2020. Retrieved from https://www.cdc.gov/diabetes/pdfs/data/statistics/national-diabetes-statistics-report.pdf
Centers for Medicare and Medicaid Services (CMS). (2020). CMS launches groundbreaking model to lower out of pocket expenses for insulin. Retrieved from https://www.cms.gov/newsroom/press-releases/cms-launches-groundbreaking-model-lower-out-pocket-expenses-insulin