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Staggering hidden costs of Medicare prescriptions.(Insider Report)
The Bush administration dramatically underestimated the true costs of adding prescription drug benefits to Medicare when it was twisting congressional arms last November to win support for the program. The administration's estimated price tag of $400 billion in new spending over the next 10 years was already an enormous budget-buster stirring rebellion among conservative GOP congressmen. The House passed it by a mere five votes. President Bush knew that it wouldn't have passed if the program's true cost had been revealed. Now the administration admits the price tag will be much higher: it has revised the figures by more than 30 percent from the original $400 billion to an astonishing $534 billion! Secretary of Health and Human ...
- Medicare math.(prescription drug benefits for seniors)
- Magazine article from: U.S. News & World Report Brink, Susan June 30, 2003 700+ words
...favor the typical prescription drug consumer, while...with significant prescription drug bills. And the...pressure to get a prescription drug benefit into Medicare...Health and Human Services Tommy Thompson, is to...
- NCPA Statement on Judge's Order to Enjoin Medicare PBM Prescription Drug...
- Press release article from: PR Newswire January 29, 2003 700+ words
...in their lawsuit against Secretary of Health and Human Services Tommy Thompson and CMS (formerly HCFA) Administrator Tom Scully...second attempt at instituting a Medicare-endorsed PBM prescription drug discount card program. The original suit, filed in July...
- Former U.S. Secretary of Health and Human Services Tommy G. Thompson Appointed...
- Press release article from: PR Newswire March 21, 2007 700+ words
...Services. He worked on countless initiatives while in office, including the Medicare Modernization Act, which provided a prescription drug benefit and increased preventive screenings to Medicare beneficiaries. Since he left this position in 2005, Governor...
- Prescription drug expenditures in the United States: the effects of obesity,...
- Magazine article from: Southern Economic Journal Vandegrift, Donald Datta, Anusua October 1, 2006 700+ words
...average annual percentage increase in prescription drug spending exceeded the overall percentage...the annual percentage growth in prescription drug spending was more than 16%, while...Services 2002). Not surprisingly, prescription drug coverage and its associated costs...
- New Medicare prescription drug plan called 'too expensive'.
- Newspaper article from: Savannah Morning News (Savannah, GA) September 20, 2005 700+ words
...doesn't sound like affordable prescription drug coverage to Lula Mae Herron. Herron...the plan, doesn't refer to it as prescription drug coverage but, instead, as "a 50...Kingston said the average amount for prescription drug costs per person is less than $2...
- Medicare prescription drug law requires new disclosures for retiree health...
- Magazine article from: Employee Benefit News Bakich, Kathryn December 1, 2004 700+ words
...drugs, as authorized by the Medicare Prescription Drug, Improvement and Modernization Act...provide an "actuarially equivalent" prescription drug benefit to Medicare beneficiaries...to their rights under the Medicare prescription drug program. Plan sponsors should review...
- Effect of prescription drug coverage on health of the elderly.(Insurance...
- Magazine article from: Health Services Research Khan, Nasreen Kaestner, Robert Lin, Swu-Jane October 1, 2008 700+ words
In 2003, the Medicare Prescription Drug, Improvement, and Modernization Act (MMA) established a prescription drug benefit for the Medicare population...started in January 2006, provides prescription drug insurance through privately sponsored...
- PacifiCare Announces Significantly Enhanced Prescription Drug Benefits for Its...
- Press release article from: PR Newswire September 28, 2005 700+ words
* Affordable, Flexible Prescription Drug Coverage Available in Eight...38 Counties Will Have No Prescription-Drug or Medical-Benefit Premium...offer Medicare Advantage-Prescription Drug (MA-PD) plans for 2006...
Source: HighBeam Research, Staggering hidden costs of Medicare prescriptions.(Insider Report)