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Prescribing the Best Medicare Drug Prices
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Published March 4, 2003
Author Urban Institute
Source Urban Institute
URL Click here to view the full document
HTML: 94 kbytes

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This (First Tuesdays) discussion examines prescription drug coverage for Medicare beneficiaries.  Expenditures are expected to grow rapidly, some 10 to 12 percent a year over the next decade according to the Congressional Budget Office.  Unlike hospital care, home health care and physicians services, prescription drugs usually are not a covered benefit for the elderly when they are not delivered in a hospital or in a doctor's office.  Most beneficiaries have cobbled together some drug coverage through their supplemental insurance policies. Those who have employment-sponsored supplemental policies, retiree policies, do best. Medicaid, which covers very low-income elderly and disabled, offers a fairly adequate package, but those who rely on Medigap or Medicare+Choice programs have much more limited coverage.  This supplemental coverage and its treatment for drug benefits is eroding, or getting prohibitively expensive.

   
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