tci Medicare Compliance & Reimbursement - 2004 Issue 21
Prescription Drugs: CMS Says Rx Cards Save Over Retail
But many critics disagree as seniors begin to enroll.Medicare beneficiaries using the new Medicare-endorsed prescription drug discount cards can save 10 to 17 percent on brand-name drugs, and 30 to 60 percent on generics, compared to the average prices paid by all Americans, the Centers for Medicare & Medicaid Services said in May 5 analysis. The analysis is meant to counter Democratic claims such as in an analysis released by Rep. Henry Waxman (D-CA) last week that the cards don't provide significant discounts beyond those already available. CMS calculated the savings by selecting the most advantageous...
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