part D

Robert Dorst2's picture

Pharmacy Fraud, Waste, and Abuse Contributes to High Costs for Medicare Part D

Approximately 1 percent of prescription costs are likely due to fraud, waste, or abuse. This amounts to hundreds of millions of dollars in unnecessary costs for the Medicare Part D program and its beneficiaries.

Source
“Prompt Payment” Mandates Would Raise Costs Due to Pharmacy Fraud, Waste, and Abuse" Pharmaceutical Care Management Association, April 2008. http://www.pcmanet.org/assets/2008-04-10_Research_FINAL%20Fraud%20Detection%20Survey%20Findings%20April%202008.pdf
Robert Dorst2's picture

Medicare out-of-pocket Costs Increase

Medicare beneficiaries will pay more out of pocket for their prescription drugs next year. The Part D standard benefit deductible will increase from $275 to $295 and the initial coverage limit — the threshold amount shared by the insurance company and the beneficiary — will increase from $2,510 to $2,700.

Source
Larry Lipman, "Part D thresholds increase for 2009," Austin American-Statesman, 8 April 2008. http://www.statesman.com/blogs/content/shared-blogs/washington/medicare_monitor/entries/2008/04/08/part_d_thresholds_increase_for.html
Bill Scher's picture

CAF STAFF

Eliminate the Part D Donut Hole

It's time to eliminate the donut hole in the Medicare Part D prescription plan and replace Part D with a program that's simple, cost-effective and guaranteed. With the savings from negotiated prices with drug companies, we could eliminate the donut hole entirely without any extra costs to seniors or taxpayers.

Roger Hickey's picture

CAF STAFF

Conservative Corruption's High Cost

Conservative corruption exacerbated the Part D disaster. Part D was written by two Republicans who were literally negotiating their next jobs with the pharmaceutical industry as they worked to create Part D.

They inserted a provision that actually forbid Medicare from negotiating for lower drug prices.

It makes no sense to create a law that mandates Americans overpay for anything. Yet that's precisely what conservatives did with prescription drugs under Part D.

Privatization Benefits Corporations

By privatizing healthcare, conservatives sold out America's seniors. They handed over billions to corporations and stuck seniors with confusing plan choices, coverage gaps, and billions in out-of-pocket expenses.

Alex Carter's picture

CAF STAFF

The Failure of Privitization

Conservative ideology failed here. Conservatives' focus on privatizing healthcare created a program that was costly and confusing, when a simple government solution existed—namely a comprehensive prescription benefit delivered by Medicare.

Eric Lotke's picture

CAF STAFF

Making Seniors Pay

Nearly 7 million seniors will fall into the Part D donut hole this year, where each will be forced to pay nearly $3,000 out-of pocket for the medications s/he needs.

Many seniors—especially those on fixed incomes—simply can't afford their medications after they fall into the donut hole. The donut hole literally puts their lives at risk.