Managed Care

 

Patient Advocates Want Part D Changes

MANAGED CARE November 2007. © MediMedia USA
News and Commentary

Patient Advocates Want Part D Changes

MANAGED CARE November 2007. ©MediMedia USA

A Medicare-administered drug benefit would be more affordable and comprehensive than the current private insurance-run drug benefit, says the Consumers Union and the Medicare Rights Center. The patient advocate groups contend that older adults and persons with disabilities should have the option of choosing prescription drug coverage through the original Medicare program.

"Private insurance companies aren't getting the best deals for consumers on prescription drugs," says Bill Vaughan, senior policy analyst at Consumers Union, publisher of Consumer Reports. "Let's let Medicare — which Americans know, trust, and count on for their health coverage — offer prescription drug coverage, too."

In the report, "The Best Medicine: A Drug Coverage Option Under Original Medicare," the two groups find that the current Medicare drug benefit that is available through private plans is unnecessarily costly, has coverage gaps, is unstable, and leaves consumers vulnerable to marketing fraud because of the large number of plans offering dissimilar benefit packages.

The consumer groups assert that a Medicare-administered drug benefit can lower drug prices and reduce the overall cost of the Medicare coverage program by harnessing the purchasing power of the 43 million Americans with Medicare to negotiate prices. It costs private insurers 9.8 percent of the drug benefit's total cost to administer the program, yet the authors say that it costs Medicare only 1.7 percent of the total costs to administer hospital and outpatient coverage.

Meetings

2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014
6th Semi-Annual Diagnostic Coverage and Reimbursement Conference Boston December 4–5, 2014
Customer Analytics & Engagement in Health Insurance Chicago December 4–5, 2014
Pharmaceutical and Biotech Clinical Quality Assurance Conference Alexandria, VA December 4–5, 2014
9th Semi-Annual Medical Device Coverage and Reimbursement Conference San Diego December 5, 2014
8th Annual Medical Device Clinical Trials Conference Chicago December 8–9, 2014
HealthIMPACT Southeast Tampa, FL January 23, 2015