|
WASHINGTON (AP) - The average monthly premium for people participating in the Medicare drug benefit will remain at about $24 in 2007, but could easily go lower, the Bush administration said Tuesday.
The projection follows the government's review of bids from insurance companies that will seek to offer drug coverage next year through Medicare. The bids reveal the insurance company's anticipated costs for each beneficiary who participates.
Medicare officials said the average total premium per beneficiary this year — including the government's contribution — came to about $92 a month. The bids show the average total per month will drop to about $80 next year, officials said.
|