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Rapidly rising prescription drug costs could put Medicare on life support The skyrocketing costs of prescription drugs could worsen Medicare's financial woes, according to this article on Motley Fool. Spending on prescription drugs under Medicare Part D’s catastrophic drug coverage rose 85% over the past three years, according to the Centers for Medicare and Medicaid Services. Catastrophic prescription coverage jumped to $51.3 billion in 2015 from $27.7 billion in 2013. If the figures continue to rise, Medicare may be forced to pass on the costs to patients who are mostly retirees. –Motley Fool
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