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Medicare Prescription Drug Benefit
Publ.Date : Wed, 24 Jun 2009 17:43:05 GMT
Publ.Date : Thu, 02 Jul 2009 12:38:48 GMT
Publ.Date : Sun, 05 Jul 2009 19:12:36 GMT
Publ.Date : Thu, 02 Jul 2009 18:55:32 GMT
Publ.Date : Wed, 01 Jul 2009 13:45:58 GMT
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Prescription Drug Benefit Cost
Understated by $324 Billion!
by Ian Mason
When the legislation was passed for Bushs prescription drug benefit in 2003,
costs were said to be approximately $400 billion over the next decade. In great
contradiction with this estimate, the centers for Medicaid and Medicare have
admitted that costs will actually be around $724 billion.
Considering the Bush administrations history of saying one thing and doing
another, this understatement of cost comes at no surprise. The supposedly
helpful benefit will, in most cases, only provide savings for people on the
lowest income level; while those on mid-level incomes who spend between $2250
and $5100 on medications will pay at least a $37/month premium and a $250
deductible, with no additional savings.
The plan was designed with a "hole" in its coverage, so that people spending
between $2250 and $5100 on medications each year will receive no additional
compensation or savings: They are still saving just $1500. After the $5100 line
is crossed, Medicare compensates patients for 95% of their spending on drugs.
Besides the "hole" in prescription drug coverage, this plan offers far fewer
benefits than those of many private employers. As a result, those employers
could easily lower their standards.
I dont claim to know much at all about this administrations prescription drug
benefit plan, but as a normal citizen just like yourself, I am not pleased with
what I see.
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Consumer help with Medicare, managed care, Medigap insurance, long term care
insurance; written for New Yorkers, but contains information of general interest. Medicare.gov - The Official US Government Site for People with ...
Official US government site for Medicare information. Centers for Medicare & Medicaid Services
US federal agency which administers Medicare, Medicaid, and the State Children's
Health Insurance Program. Provides information for health professionals, ... CNN.com - Senate passes Medicare bill - Nov. 25, 2003
[CNN] Prescription Drugs
Links and background information about US public policy affecting prescription
drugs and prescription drug coverage. Prescription drug benefits & orders; health & wellness resources ...
Pharmacy benefits manager provides members with the capability to refill
prescriptions on-line, check an order status, and research drug and health information. BenefitsCheckUp - NCOA's Online Screening Service
Helps older Americans find out about federal and state assistance programs for
the aged. NCPA - Health Issues - Should Medicare Cover Prescription Drugs?
Full-text article provided by the National Center for Policy Analysis. Families USA: The Voice for Health Care Consumers
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