The Costs of a Medicare Prescription Drug Benefit: A Comparison of Alternatives

Dana P. Goldman, Geoffrey F. Joyce, Jesse D. Malkin

ResearchPublished 2002

Medicare is the only large health insurance carrier that does not include an outpatient prescription drug benefit. This exclusion is particularly important because the elderly are among the biggest consumers of pharmaceuticals. The principal concern in adding such a benefit to Medicare is the cost of providing access to expensive medications for a rapidly growing elderly population. This study reports the results of a model predicting drug expenses for Medicare beneficiaries.

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Goldman, Dana P., Geoffrey F. Joyce, and Jesse D. Malkin, The Costs of a Medicare Prescription Drug Benefit: A Comparison of Alternatives. Santa Monica, CA: RAND Corporation, 2002. https://www.rand.org/pubs/monograph_reports/MR1529z0.html.
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