Federal spending on a Medicare program for people with high drug costs has ballooned over the past five years, largely due to the soaring costs of expensive specialty medications, a new government report has found.

Federal payments for Medicare Part D catastrophic coverage, which pays 80% of drug costs after a beneficiary has spent a certain amount annually, surpassed $33 billion in 2015, more than triple the amount paid in 2010.

Continue Reading on The Wall Street Journal