tci Medicare Compliance & Reimbursement - 2006 Issue 6

COVERAGE: Private Plans To Blame for Part D's High Costs

A 'centrally administered' Medicare drug program could be more cost-efficient.Enlisting private insurers to provide Medicare drug coverage did more than confuse consumers--it also may have resulted in at least $332 billion in unnecessary Medicare drug costs and administrative expenses.An add-on benefit to the traditional Medicare program that the government or a designated health plan would administer is a more cost efficient approach, proposes the Center for Economic and Policy Research in a recent study. To illustrate CEPR's claim, the study uses data from the Congressional Budget Office and other sources to project the potential savings for a...

To read the full article, sign in and subscribe to tci Medicare Compliance & Reimbursement.

Thank you for choosing Find-A-Code, please Sign In to remove ads.