Medicare Part D Saves Money, Survey Says
Posted on: Friday, 14 July 2006, 15:00 CDT
The Medicare Part D prescription-drug plan helps beneficiaries save money but needs to be simplified, a healthcare industry survey finds.
The survey of healthcare opinion leaders by the private Commonwealth Fund finds greatest support for the prescription-drug benefit among the insurance and healthcare sector, at 95 percent. It finds lesser support, at 56 percent to 67 percent, among academic and research institutions and among those involved with healthcare delivery.
John Rother, group executive officer of Policy and Strategy for AARP, says Part D has fallen short in providing generous coverage to people with limited incomes. He recommends changes, such as eliminating the asset test and simplifying the application process for the low-income subsidy.
Three-fourths of the survey respondents also said benefits should become more standardized to reduce variations among plans.
The Commonwealth Fund hired Harris Interactive to conduct the survey by e-mail June 1-19. Of the 1,246 people surveyed, 180 responded. The results have a sampling error of 3 percentage points at the 95-percent confidence level, the fund said.
Source: United Press International
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