Policy Impact Analysis - 117/S/5106

Bill Overview

Title: PACE Part D Choice Act of 2022

Description: 2022 This bill allows Medicare-only beneficiaries who are enrolled in Programs of All-Inclusive Care for the Elderly (PACE) to choose prescription drug plans that are not operated by PACE. (PACE is a program under Medicare and Medicaid that provides in-home and community services for certain individuals as an alternative to nursing home care.) Specifically, the bill allows PACE enrollees who are Medicare (but not Medicaid) beneficiaries to choose a prescription drug plan that is not a Medicare Advantage plan or operated by PACE and for which annual out-of-pocket costs and federal subsidies are equal to or less than that under the applicable PACE prescription drug plan. The bill also allows for disenrollment from a chosen plan upon a change in medication or demonstration of an unexpected increase in out-of-pocket costs. PACE programs must conduct outreach, monitor data, and coordinate benefits with respect to such options.

Sponsors: Sen. Carper, Thomas R. [D-DE]

Target Audience

Population: Medicare-only beneficiaries enrolled in the Programs of All-Inclusive Care for the Elderly

Estimated Size: 55000

Reasoning

Simulated Interviews

Retired teacher (New York, NY)

Age: 78 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 3/20

Statement of Opinion:

  • I worry about how much I spend on my prescriptions each month.
  • It's good to know there could be options to spend less.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 8 6
Year 5 8 6
Year 10 7 5
Year 20 6 4

Retired accountant (Miami, FL)

Age: 85 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 4/20

Statement of Opinion:

  • I've been uneasy about changes to my medication costs.
  • If this policy helps manage my expenses better, I'm all for it.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 4
Year 3 7 4
Year 5 7 4
Year 10 6 3
Year 20 5 3

Retired librarian (San Francisco, CA)

Age: 72 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 3.0 years

Commonness: 3/20

Statement of Opinion:

  • I prefer knowing exactly how much my medication will cost every month.
  • More plan choices could complicate things but also bring relief.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 7
Year 5 8 6
Year 10 7 6
Year 20 7 5

Retired engineer (Cleveland, OH)

Age: 80 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 4.0 years

Commonness: 3/20

Statement of Opinion:

  • My medication costs are manageable but could be better optimized.
  • Trial periods for new plans without extra cost impact would be reassuring.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 5
Year 3 8 5
Year 5 8 4
Year 10 7 4
Year 20 6 3

Retired nurse (Austin, TX)

Age: 77 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 2/20

Statement of Opinion:

  • It's hard managing both of our healthcare costs.
  • This policy could give me breathing room with my prescriptions.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 4
Year 5 8 4
Year 10 7 3
Year 20 6 3

Retired baker (Portland, OR)

Age: 79 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 2.0 years

Commonness: 3/20

Statement of Opinion:

  • I need the assurance that switching plans won't mean higher expenses unexpectedly.
  • This seems like a safety net for medication changes.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 6
Year 3 7 6
Year 5 7 5
Year 10 6 5
Year 20 5 4

Retired journalist (Chicago, IL)

Age: 81 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 3.0 years

Commonness: 3/20

Statement of Opinion:

  • Lower costs are important but so is medication reliability.
  • I'd like to see what the new options truly offer.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 5
Year 3 8 5
Year 5 8 4
Year 10 7 4
Year 20 6 3

Retired musician (Seattle, WA)

Age: 84 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 2/20

Statement of Opinion:

  • It's hard to balance my medical and living expenses.
  • I hope this policy might offer some financial relief.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 8 4
Year 10 6 3
Year 20 5 3

Retired construction worker (Phoenix, AZ)

Age: 75 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 4.0 years

Commonness: 4/20

Statement of Opinion:

  • I feel positive about potentially lessening my expenses for medication.
  • Flexibility in what I pay per month is crucial.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 6
Year 5 8 5
Year 10 7 4
Year 20 7 3

Retired social worker (Boston, MA)

Age: 82 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 6.0 years

Commonness: 3/20

Statement of Opinion:

  • I'm concerned about keeping my medication budget stable.
  • This policy could be beneficial if it truly avoids higher costs.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 5
Year 3 7 5
Year 5 8 4
Year 10 7 4
Year 20 6 3

Cost Estimates

Year 1: $15000000 (Low: $10000000, High: $20000000)

Year 2: $16000000 (Low: $11000000, High: $21000000)

Year 3: $16500000 (Low: $11500000, High: $21500000)

Year 5: $17000000 (Low: $12000000, High: $22000000)

Year 10: $18000000 (Low: $13000000, High: $23000000)

Year 100: $30000000 (Low: $20000000, High: $40000000)

Key Considerations