Prescription Drugs and the Elderly
Policy Implications of Medicare Coverage
This research brief describes work documented in "The Financial Burden of Prescription Drug Use Among Elderly Persons," The Gerontologist,Vol. 37, No. 4, 1997, pp. 475-482 and "Insurance Coverage for Prescription Drugs: Effects on Use and Expenditures in the Medicare Population," Medical Care,Vol. 37, No. 9, 1999, pp. 926-936.
Excerpt: Since outpatient prescription drug use is not covered by Medicare, it is a major source of out-of-pocket expenditures for the elderly. By one estimate, severely disabled elderly persons spend more than half their out-of-pocket health expenditures on outpatient prescription drugs. What makes this financial burden all the more daunting is that half the elderly population has no insurance coverage for prescription drugs.
- Copyright: RAND Corporation
- Availability: Web-Only
- Document Number: RB-5028
- Year: 1999
- Series: Research Briefs
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