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In The Morning News

Posted on 03/5/2008 by | General News | Comments

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Associated Press: AARP Finds Drug Prices Increase Faster Than Inflation
“Drugmakers increased prices by an average of 7.4 percent last year for the brand-name medicines most commonly prescribed to the elderly, according to the advocacy group AARP. The increase far exceeded inflation, continuing a longtime trend. AARP said prices charged to wholesalers have been slightly higher since the Medicare drug benefit started on Jan. 1, 2006. Since then, the outcry over prices has diminished, with the government picking up much of the tab.”
Marketwatch: Think You Know Medicare?
“With all the planning people go through to make sure their money won’t run out after they exit the work force, one important detail still seems hazy to many of them: health insurance. A small but revealing study of 377 U.S. baby boomers (those born from 1946 to 1964) shows there’s much confusion about Medicare, the federal health program for people 65 and older and the disabled. Access to coverage figures prominently in retirement timing decisions, but only 36% of boomers surveyed by the National Association of Insurance Commissioners correctly identified 65 as the age at which people become eligible for Medicare.”

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