MEDICARE REFORMS

MEDICARE PART D (PRESCRIPTION DRUG COVERAGE) IMMEDIATE REFORM FOR QUANTITY DISCOUNTS IN DRUG PURCHASES.

The Veterans Administration buys prescription drugs at quantity discounts, but the Medicare Prescription Drug, Improvement, and Modernization Act (MMA) of 2003 prohibits Medicare from buying prescription drugs in bulk and distributing them to patients. This results in life-threatening costs to senior citizens hitting the “donut hole” in Medicare Part D coverage – those reaching between $2700 and $4,350[1] in annual drug costs.

Immediate legislation is required to revise the Medicare Prescription Drug Act to allow the federal government to buy prescription drugs in bulk at deep discounts and kill this pharmaceutical industry windfall that threatens the lives of so many vulnerable elderly Americans.

– nathanhale

 

MEDICARE PART D: PAPERWORK REFORM

Each month my 87-year-old mother is sent 5-10 mailings with paperwork few elders could understand, including documents from:

  • a) A Medicare subcontractor listing Medicare’s drug payments,
  • b) Her insurance company listing their Medicare drug payments, and
  • c) A pharmacy supply company listing co-payments due.

The cost of preparing and sending this duplicative paperwork adds colossal, additional costs to the inherently high cost of pharmaceuticals.

Immediate reforms are needed to consolidate and simply this grotesque paperwork that adds unneeded costs to both taxpayers and the elderly.

– nathanhale


[1] Note that the lower limit of the Part D donut hole is the total cost of prescription drugs paid by the insurance company and the senior citizen.  The upper limit of the Part D donut hole is the total amount that the senior citizen needs to pay for prescription drugs in a calendar year before drug insurance resumes.

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