More Seniors Have Drug Coverage, Study Says
The number of seniors with prescription drug coverage has soared since the implementation of Medicare Part D, but some still struggle with high payments, according to a report released this week by the journal Health Affairs. The report, based on a study of 16,000 seniors by the Kaiser Family Foundation, Commonwealth Fund and Tufts-New England Medical Center, found 8 percent of seniors lacked prescription drug coverage in 2006, down from 33 percent in 2005 before Medicare Part D took effect.
But, a quarter of seniors enrolled in Medicare Part D reported spending more than $100 a month on prescriptions, and 8 percent reported spending more than $300.
“The Medicare drug law achieved its primary goal of providing drug coverage to most seniors who previously lacked it,” Kaiser President and CEO Drew E. Altman said in a statement. “But the survey found a significant number of seniors in Part D plans paying sizable amounts out-of-pocket for their medications and delaying or not filling their prescriptions for cost reasons.”
continued…The study found 20 percent of seniors enrolled in Medicare Part D reported delaying or not filling prescriptions due to costs in the past year.
Part of the problem, according to the report, is that many low-income seniors who are eligible for additional subsidies are not receiving them. The study found about half of these seniors were not aware subsidies were available.
Like this story? Steal it! Feel free to republish it in part or in full, just please give credit to The Colorado Independent and add a link to the original.
News Literacy Project event: Concerned about online misinformation? The lack of news literacy? You can make a difference by participating in this free workshop! After […]Read More
Cash dropped so far in Colorado’s governor race blows away 2010 and 2014 spending records – combined
With one week to go until the primary, spending in Colorado’s 2018 governor’s race has shattered records – even for spending in general elections in […]Read More