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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.
Table of Contents
Summary
Executive Summary
Introduction
Acknowledgements
Background
The Plans
Economic Issues
Methods
Results
Discussion
Conclusion
Tables
Tables
Comparison of Features of the Plans
Tables
Expected Number of Medicare Beneficiaries Cover by Alternative Plans
Tables
Type of Insurance Coverage and Drug Expenditures for Medicare Part B Enrollees
Tables
Costs and Benefits Under Alternative Medicare Prescription Drug Plans
Tables
Cost of Medicare Part D Benefit in 2001 Under Varying Assumptions Regarding the Elasticity of Demand for Drugs
Figures
Figure 1
References
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