Lower Costs Seen for Premium in Medicare Drug Benefit Plan - New York Times

Lower Costs Seen for Premium in Medicare Drug Benefit Plan - New York Times: "Lower Costs Seen for Premium in Medicare Drug Benefit Plan

By ROBERT PEAR
Published: August 10, 2005

WASHINGTON, Aug. 9 - The Bush administration said Tuesday that the average premium for the new Medicare drug benefit would be $32.20 a month, about $5 less than previously estimated. Officials said that aggressive competition among private insurers had driven premiums below their expectations."