part d

Medicare Drug Benefit Saves Taxpayers Billions

Posted on 03/3/2014 by | In Other News . . . | Comments

Bulletin Today | Personal HealthMedicare‘s prescription drug benefit saves taxpayers billions of dollars by dramatically reducing hospital admissions, a new study shows. Researchers at the Johns Hopkins Bloomberg School of Public Health and the University of Illinois at Chicago estimated the total savings at $1.5 billion a year — about 2.2 percent of the total $67.7 billion cost of Medicare Part D in 2011. “Medicare Part D requires a substantial investment from the federal government, and the million-dollar question has been, ‘Does this investment …

Medicare Drug Premiums Will Rise Just $1 a Month

Posted on 07/31/2013 by | Washington Watch | Comments

Bulletin Today | Personal HealthThe average monthly premium for a basic prescription drug plan under Medicare Part D will be just $1 higher next year, the government projects. What’s more, Medicare beneficiaries get some of the credit for keeping the average low by shopping around, the Associated Press reports. For this year, seven of the top 10 Medicare drug plans raised premiums by 10 percent or more. But the average stayed low because many seniors chose plans with lower premiums. “Consumer advocates say beneficiaries should …