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

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Medicare Part D - Medicare premiums should concern retirees (Akron Beacon Journal) Medicare premiums


Medicare premiums should concern retirees (Akron Beacon Journal)
Medicare premiums might soon start crushing retiree spending power. I estimate that many a long-lived couple might need to reduce retirement spending on nonmedical uses 13 percent to 26 percent to avoid sharp declines in purchasing power as they get older.

National Community Pharmacists Association Statement On Medicare Vote (Medical News Today)
The Senate voted 54 to 39 in favor of S. 3101, the Medicare Improvements for Patients and Providers Act of 2008. However, that did not achieve the 60 votes needed for cloture. The bill includes pharmacy-related provisions that provide prompt payment of Medicare Part D prescription drug claims and delay the implementation of Medicaid reimbursement cuts for generic prescription drugs.

Rising Medicare premiums will hit retirees hard (Austin American-Statesman)
Medicare premiums might soon start crushing retiree spending power. I estimate that many a long-lived couple might need to reduce their retirement spending on nonmedical consumption by 13 percent to 26 percent to avoid sharp declines in purchasing power as they get older.

Schumer targeting Medicare insurers (The Buffalo News)
Delayed Medicare Part D payments are stressing locally-owned, independent pharmacists to the breaking point, according to Sen. Charles E. Schumer, D-N. Y. Standing with a crowd of local pharmacists, Schumer announced legislation Monday that would force Medicare insurers to pay prescription claims more promptly.

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