Medicare spent less per enrollee than it did last year. Yes you heard that right. 1% less but still. 60% of the reduction comes from declines in pharmacy spending via part D. This is because drugs are coming off patent and new drugs aren't replacing them so a larger and larger proportion of drugs become subject to price competition. In other words: less innovation, fewer new cures. Sigh.
http://m.healthaffairs.org/blog/2014/10/21/the-500-billion-medicare-slowdown-a-story-about-part-d/
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