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The Impact of the Medicare Drug Benefit on Health Care Spending by Older Households

 
 
 
 
 
cepr

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This report uses data from the Bureau of Labor Statistics Consumer Expenditure Survey from 2004 to 2006 as well as data from the Congressional Budget Office to analyze the savings in prescription drug spending for seniors as a result of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA). The results show that the 1st income quintile of seniors experienced a fall in the rate of expenditures for prescription drugs and the 2nd income quintile saw a slowing of the rate of increase in expenditures. However, senior households in the middle- and upper- income quintiles saw a rise in expenditures for prescription drugs.

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12/04/2008

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JuliaFit

JuliaFit

Nice reading, thank you. It was interesting to no notice that percentafe of income is coming up on the yearly basis! Yet really I felt this way but anyway, the stats proved my feelings.

09/20/2009
mbeychok

mbeychok

It is a well-known fact that the Medicare Modernization Act (which created the precription drug insurance program) was mostly written by the pharmaceutical company lobbyists in Washington and that it prohibits Medicare from negotiating drug costs, which would greatly reduce the cost of the program to the taxpayers.

03/03/2009
NewsInfusion

NewsInfusion

Medicare plans can be really confusing, especially those not comfortable with the internet. Take some time before the end of the year to talk to the seniors in your life about Medicare Part D and finding the right plan. Here's more information: http://newsinfusion.com/video_details...

12/22/2008