Summary
The Centers for Medicare & Medicaid Services (CMS) has announced the parameters that will guide calendar year (CY) 2014 individual and state costs for the Medicare Part D drug benefit. For the first time since the inception of the Part D program, CMS projects a negative annual percentage increase. These data, as well as enrollment data for persons dually eligible for Medicare and Medicaid, and FFIS projections of Federal Medical Assistance Percentages—FMAPs—for federal fiscal year (FY) 2015, permit preliminary estimates of state clawback costs for CY 2014.