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[img_assist|fid=12|thumb=0|alt=Medicare prescription drug coverage and its effects]
Medicare prescription drug coverage represents the largest ever expansion of Medicare, a very popular, and already very large, government program. But what will it mean for the people it aims to serve? We'd like to hear from you. If you are eligible for Medicare Part D, what effect do you expect it to have on your health care and costs? If you are helping someone who is eligible, what can you tell the community about how this program will effect your patient/family member? Will it provide the right medications? Will it save money? Will it make it easier or harder to understand your health care?
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Comments
Prescription drug prices
In a free market, a buyer who purchases much has leverage to demand lower prices. Think Walmart. Today, even Russians know this basic market principle. Only America’s Congress denies it and only with prescription drugs.
Americans pay more than world market prices for prescription drugs.
Americans buy prescriptions in an artificial market created by Congress-a market that inflates prices above those paid by people living overseas. This is true because taxpayers are the ultimate purchasers of many prescriptions-through Medicare, Medicaid and other government programs and because Congress blocks normal market operations by preventing government purchasing agents from negotiating a true market price. Instead an artificial market have been created wherein drug companies gouge Americans for above-market prices and return part of their excess profits to our leaders in the form of campaign contributions.
Ironically, Republicans in Congress are most responsible for this artificial market structure. The Republican Party has traditionally seen itself as the party of free markets. In the last week, the needed prescription drug market reform was once again blocked in Congress. Republicans weren’t alone--some Democrats voted with them, but our local Republican representatives and Senator Martinez were among those who voted to keep drug prices artificially high.
This policy victimizes the weakest among us-those needing prescription medication to gain their health. Write your representative and tell them to let a real free market function for prescription drugs. Government works for voters not drug companies. Let them know it!
Doug Bevins, Dade City
Medicare Drug Benefit
To Ed: Thought I would relate a personal experience with the government Plan D benefit program. My wife is disenrolling from Humana Plan D in order to enroll in the CarePlus Medicare Advantage Plan, which offers a prescription drug benefit. Currently, Social Security pays Humana directly from her monthly benefit. I contacted Humana to disenroll her and restore the premium to her check, was told that the subscriber must call Medicare to stop the automatic transfer of funds from her Social Security benefit. I called Medicare, was told that I must call Social Security to make that happen. I called Social Security, went through the automated menu twice, found nothing helpful, and was not given an opportunity to speak with a representative. I checked the local phone book, found that the Clearwater Social Security office is unlisted. My wife and I went there today, were told by the office manager that the provider (Humana) is the place to call. She referred us to the Medicare 2007 Handbook. She was wrong, as the handbook does not address this situation specifically. Later, I was able to reach a Social Security representative who was more informed. He acknowledged that this has been an ongoing problem, was somewhat equivocal about when the problem will be corrected, but said if there is no resolution by February 2007, to call again. In the meantime, we’ll continue purchasing her most expensive medications from Canada.
Charles F. (Fred) Ames, Largo
Medicare part D trick
How to tweak the Medicare Part D coverage gap
For those of you who take a number of prescriptions each month and know you will hit the Medicare prescription dollar limit known as the “Donut holeâ€, and have to start paying for your own prescriptions, try this:
Go to Walmart.com and see if any of your prescriptions are listed under their $4.00 price. You also can use Target or any other store matching Wal-Mart’s’ $4.00 offer. If you find any, check what your HMO or PPO plan lists as their cost. (Not what you pay, but the price they use to compute your total prescriptions cost as the year progresses.) Humana for example, sends a report quarterly with this information. Humana’s’ plan even tells you when or if you may run out of coverage.
Now multiply the price the HMO or PPO is using by 12. This is their annual total they roll in with all your other prescription costs. Had you bought those prescriptions at One of the $4.00 stores the HMO or PPO’s dollar total would be available for your other prescriptions and will delay the point you enter the “donutâ€
For example; I take Lisinopril, 20-25 Mg. Walmart sells it for $4.00. I get it free from Humana but they carry it as a $9.12 cost. $9.12 times 12 equals $109.44. If I bought the Lisinopril at Wal-mart, NOT with my HMO card, but just as a normal purchase, I would have paid out of pocket, $4.00 times 12 months, Or $48.00. Meanwhile, the $109.44 would be still available with Humana to defer the point where my coverage stops (in 2007 this figure is $2400â€).
While the $109.44 is not an earthshaking amount, it’s nothing to sneeze at either. Quite possibly, the HMO/PPO carrying cost for your prescription(s) could be much higher.
One final bonus; If your prescription costs are so high that you actually emerge from the “Donut†in the same year, your $48.00 worth of receipts on each prescription that you bought, can be used to apply towards the out of pocket total to get back into the co-pay mode. In 2007 the upper limit is $3850.
Les Milewski
Seminole
Patents on Drugs
Polymath. All those people who call for the outlawing of patents totally overlook the negative consequences to all individuals as a result. Without patents, there would be no reason whatsoever for drug manufacturers to spend the $500,000,000 average cost of finding a drug, testing it extensively for both efficacy and side effects and then getting it approved. (That's right, half a billion dollars is the average cost per new drug. It includes factoring in all the costs of the 95% of drugs that do not work out.)
An alternative would be for us federal taxpayers to finance drug research through a government agency. The costs are enormous and there are the usual government bureaucracy problems to deal with, but I believe that it could be done to the good of us all. It would change the drug manufacturers into sellers of generics essentially. And there are generic manufacturers (Biovail, for one) that would be more than happy to do so.
You May Not Realize It
You may not realize it, but, THE FEDERAL GOVERNMENT ALREADY PAYS 80% OF ALL DRUG RESEARCH AND DEVELOPMENT.
THE DRUG COMPANIES EXCUSE FOR HIGH PRICES OF DRUGS DUE TO RESEARCH AND DEVELOPMENT COSTS IS A LIE.
Wise Merlin
Wow, That is eye opening.
Wow, That is eye opening. I've always found it funny that Medicare drug plans are so expensive. I don't know why thy couldn't have just made part D actually the same as medicare part b. Maybe that would have made too much sense!
Another Thing
The drug companies WROTE the legislation for the medicare part D drug program, INCLUDING the requirement that the federal government NOT negotiate the price of drugs.
The Pharmaceudical industry spent 2.6 BILLION dollars lobbying bribs to Congress to support the legislation. 2.6 BILLION DOLLARS!
The pharmaceudical industry has the HIGHEST PROFIT MARGIN OF ALL INDUSTRIES, including the corrupt oil industry. 20.5 cents of every drug dollar spent goes to profit. The oil industry only gets 16.3 cents in profit.
Even AARP was complicite in the legislation because AARP was given the ability to create corporate subsidiaries of AARP to get into the drug distribution of medicare part D prescriptions.
This is corruption at it's finest.
Wise Merlin
Medicare Mess
Mr. Bray, Where do I find more info on changing the patent law!!!! Like where do I sign?
Patents on drugs
Hi...sorry to take so long getting back...the Patent Law can only be amended by Congress, our legislators...they, of course, have to be encouraged by the voters to do so....it's not impossible, just tough..sorry if I gave an impression it was easy..I'm not sure Congressman have given it thought..probably not because most are in manufacturers' pockets...I merely wanted to point out an easier way than price control by Congress..by the way, Google 'Patent Law' and read the law...interesting...medications are " chemical compositions".. also, there is a reply to my idea on 'ourtimes' site which is hard to swallow..so to speak...if Congress amended the Constitution 19 times..what would be so hard in amending a law?. thanks for writing..good luck..peace...Jack Bray
Canadian drugs
Warning:
I did a calculation using the Canadian Drug cost lists with and with out Gap Insurance and found it possible I could save over $1000/yr. The savings is significant even below the gap. I am not sure this is something you could legally recommend but I know many people do get their drugs from Canada and may be fooled into dropping that source of savings. I get my drugs from the VA so I will not be signing up for Part D.
Rod Sowers
You may want to print my comments and that's OK.
Medicare drug mess
This complicated legislative mess is the direct result of programs written for the "people"......by politicians who are not affected by their pronouncements. Take away their golden goose and the resulting nest eggs from the senators and congressmen, and maybe we will see some legislation that is benefitial for all. If they had to rely on Social Security, Medicare, etc. they would know the problems that face the general public.
The Medicare Drug Bill is a band-aid on a severed artery. The real problem is the excessive cost of drugs; and the lawmakers who are in bed with the drug companies.
Wow, you really nailed it.
Wow, you really nailed it. In our country, medicare and medicaid are in real trouble. I'm not sure what we can do. Maybe it is drug company reform. I'm totally confused really.
I am one of those people who
I am one of those people who is too young for Medicare, too old to get inexpensive prescription coverage, and too poor to pay for all my prescriptions. Plus I have a "pre-existing" condition (asthma since I was a little kid). But it occurs to me that older women are bearing the brunt of the prescription expenses. For example, most of the men I know served in the military and are able to get their prescriptions through the VA at a considerable savings. And that's terrific. However, most women, particularly those of my age group (59) never served in the military so we must pay full price for all our prescriptions. I'm simply pointing out that we women are at a disadvantage when it comes to purchasing prescription drugs and many of us must do without.
Medicare Drug Mess
Karen g...you are absolutely right..do you know why the costs are so high? It's because prescription drugs can receive patents..a.k.a licenses to steal since they are thereby given a monopoly for anywhere from 7-20 years..we should amend the US Patent Law (not hard)by removing " chemical compositions" and voila!.. no more "brand" and then " generic"..let the company that discovered the drug be allowed to publicize that they were the founders..with competition comes price drop..giving a marketing tool to a medication gives me a headache..where's my Advil...peace..Jack Bray