Latest Medicare Update December 02, 2008 at 08:05 AM

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Medicare Part D - Medicare covers more elderly for drugs, but at steeper price


Medicare covers more elderly for drugs, but at steeper price (Detroit News)
WASHINGTON -- The Medicare prescription drug law significantly expanded drug coverage for the elderly, but left many with higher out-of-pocket costs than people covered by employers or the Department of Veterans Affairs, health researchers reported this week.

Medicare premiums show impact of competition (Ralston Recorder)
ASHLAND - Due in large part to strong competitive bidding by health and prescription drug plans and beneficiaries' choices, the Centers for Medicare and Medicaid Services (CMS) anticipates that the actual average premium paid by beneficiaries for standard Part D coverage in 2008 will be roughly $25. This is nearly 40 percent lower than originally projected when the benefit was established in 2003 ...

Medicare Drug Program Beats Nothing, but Not As Good as VA, Employer Plans (Senior Journal)
Aug. 21, 2007 Senior citizens enrolled in Medicare Part D the drug program fared better than seniors without drug coverage, but not as well as those who relied on other coverage, such as the Department of Veterans Affairs or employer-sponsored coverage, according to a study released today.

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