Average Medicare drug premium expected to dip next year
August 3, 2017
WASHINGTON (AP) — The Trump administration says the average monthly premium for Medicare prescription drug coverage is expected to go down in 2018, the first time that's happened in five years.
Medicare announced Wednesday that next year's average premium is expected to be $33.50 per month, about $1.20 less than this year, or a 3 percent dip. Some 43 million seniors have Medicare "Part D" prescription coverage.
The average is just that, a benchmark number that doesn't necessarily reflect what individual consumers will experience. It's a yardstick the government uses to measure trends.