|Medicare Prescription Costs To Rise|
|SciMed - Healthcare|
|TS-Si News Service|
|Friday, 21 April 2006 13:08|
Beneficiaries Face Increases Next Year
The six million poorest beneficiaries may pay as much as seven percent more next year for the new U.S. Medicare prescription drug benefit.
While these beneficiaries have no annual co-payment and don't have to contend with a coverage gap, their co-payments for generic drugs will increase from $2 to $2.15 and from $5 to $5.35 for brand-name drugs, the Los Angeles Times reported.
These increases may seem small, but many state-sponsored Medicaid plans previously charged no co-payments. These Medicare co-payments may prove too much of a burden for low-income people who require 10 or more prescription drugs, say independent experts and state officials.
These and other cost increases were included when the new prescription drug plan was designed, the Times reported. Congress decided to index the share paid by beneficiaries to yearly increases in prescription drug spending.
|Last Updated on Monday, 27 August 2007 16:00|