Wednesday, November 12, 2008

Seniors aren't paying enough for drugs

USA Today article about how Medicare drug prices are going up up up.

Elderly and disabled people in Medicare prescription drug plans with the largest enrollments will pay 43% more on average in monthly premiums next year than when the drug program began in 2006, and some enrollees will see increases of as much as 329%, two analyses show.

[Even though]....Overall, the Medicare drug program is costing taxpayers less than originally estimated. The government's drug spending on the program fell by 12% to $44 billion in the fiscal year that ended Sept. 30, largely from the widespread use of low-cost generic drugs.



Someone want to argue with me about why having insurance companies involved in health care is a good idea?


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