medicare

18 Sure-Fire Tips to Save Money on Prescription Drugs

11 Nov: 18 Sure-Fire Tips to Save Money on Prescription Drugs

Empower Yourself to Save Money on Prescription Drugs! It’s no secret that prescription drug costs are out of control in the United States. Since 2000, drug costs have risen by an average of 10 percent every year–more than 3 times the rate of inflation during this period. Today, Americans pay more for their medications than the citizens of any developed country in the world. The unfortunate–and sometimes tragic–results of skyrocketing drug prices include consumers forgoing needed medications because they simply can’t afford them. This is particularly evident in today’s struggling economy. The problem of high drug prices most directly affects the 65 million Americans who don’t have prescription drug insurance. But even those Americans who have insurance are seeing co-pays and…

Some Good News for Senior Medicare Beneficiaries

14 Oct: Some Good News for Senior Medicare Beneficiaries

Last Thursday, the Obama administration announced that senior Medicare beneficiaries will pay the same premiums in 2015 that they are paying this year and the same as the premiums they paid in 2013. This is good news for seniors who use Medicare, most of whom will pay a premium of $104.90 per month. These premiums fall under Part B of the federal insurance program and affect people who are over 65 years of age. They cover visits to the doctor, outpatient care, and necessary medical supplies. What About Deductibles? Annual deductibles for the majority of people who fall under Part B of the Medicare program will also remain unchanged. It is currently $147 for most people and this will be the deductible…

08 Oct: It’s not just the elderly who can’t afford prescription drugs

  Those who would minimize the crisis that is the U.S. healthcare system would have you believe, among other things, that the problem of high-priced prescription drugs mostly affects the elderly — who supposedly have gotten the relief they need from Medicare Part D and a multitude of state programs. This is simply not the case. The Los Angeles Times reports on a pharmacy benefit manager’s study that states: …nearly 70 percent of adults aged 25-34 claim the economic downturn of the last 12 months has made it somewhat or significantly more difficult to pay for health care expenses … Overall, three out of four people are concerned about the cost of health care… The Times speculates as to the…

28 Aug: Stats: More Americans getting priced out of prescription drugs

An article by Isaiah J. Poole of the Campaign for America’s Future offers some striking statistics highlighting the current crisis in healthcare costs. Poole notes the particular strain on Medicare, which currently is prohibited from negotiating prices with drug companies (even though other government entities have long done so). Some of Poole’s stats: Researchers at the University of Minnesota report that prices of some drugs have gone up well over 100 percent, and in a few cases over 1,000 percent, in the past year. Cost increases like these are already expected to have a ripple effect on private insurance premiums. An Aon Consulting report released this week projects that health care costs will be up 10.6 percent next year, increases…