HOME >> MEDICINE >> NEWS
Many low income Medicare beneficiaries will still face high drug bills under proposals in Congress

one-fifth of their income on drugs. This couple would see their out-of-pocket drug costs reduced to 4.1 percent of income under the House bill, and 3.4 percent under the Senate bill. While both bills provide substantial subsidies for beneficiaries at 130 percent of poverty, subsidies are phased out at slightly higher income levels. A couple at 160 percent of poverty ($20,944), still a very modest income, would pay $2,437, or 11.6 percent of their income, on prescription drugs under the House bill, and $3,208, or 15.3 percent of their income, under the Senate bill. Although this coverage is an improvement, spending between 10 and 15 percent of personal income on drugs still represents a significant financial hardship, especially in light of out-of-pocket expenses for other services, Part B premiums, and supplemental health insurance premiums.

About 10.2 million elderly and disabled Medicare beneficiaries fall in the $10,000$20,000 income bracket. Beneficiaries in this near-poor group spend more out-of-pocket on prescription drugs than those in other income groups, despite the fact that their total drug spending is lower on average. More than one-fourth (27%) of the near-poor spent 5 percent or more of their income on out-of-pocket drug costs in 1999, while nearly one of eight (12%) spent 10 percent or more of their incomes on out-of-pocket costs for drugs.

The near-poor's out-of-pocket drug spending increased 37 percent from 1993 to 1999. More so than other income groups, they depend on private Medicare+Choice plans for their drug coverage--a highly unstable source of coverage in recent years due to plan withdrawals, rising cost-sharing, and shrinking benefits.


'"/>

Contact: Mary Mahon
mm@cmwf.org
212-606-3853
Commonwealth Fund
15-Aug-2003


Page: 1 2

Related medicine news :

1. Prevalence of overweight increasing in young children from low-income families
2. People with low incomes more likely to develop brain tumors
3. Low-income Native American women suffer high rates of domestic abuse
4. Families working together improves diabetes management for low income kids, study finds
5. Effect of diabetes case management among low-income minority populations
6. Familys income, education affect depression and obesity in teens
7. Breast cancer program for low-income women suggests importance of access to screening
8. Work stress can affect how lower-income families eat
9. Aggressive exercise program helps inner city, low-income disabled
10. Ten schools receive funds to improve access to dental care, enroll minority/low income students
11. Physical, mental health illnesses hinder low-income families economic security

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:4/28/2016)... ... April 28, 2016 , ... Cosmetic Town, an online plastic surgery community, announces ... section was recently revamped and upgraded to allow even more interaction between doctors and ... country. , According to the senior editor of Cosmetic Town, “We are excited that ...
(Date:4/28/2016)... Portland, Maine (PRWEB) , ... April 28, 2016 , ... ... of death and principal determinant of childhood mortality. This is particularly true in underdeveloped ... A lecture at the University of New England’s campus in Tangier, Morocco, will examine ...
(Date:4/28/2016)... (PRWEB) , ... April 28, ... ... leading provider of enterprise Data Center Infrastructure Management solutions, announces today the ... on feature enhancements in the area of capacity management and optimization, providing ...
(Date:4/28/2016)... , ... April 28, 2016 , ... Amada Senior Care, ... newest office in San Antonio – its San Antonio West location. Prior to entering ... medical device sales. The grand opening of Amada San Antonio West will take place ...
(Date:4/28/2016)... , ... April 28, 2016 ... ... AnzuMedical™ Knowledge Sharing and Collaboration Platform™ , today announced a new Residency ... provide efficient access to medical knowledge, educational resources, and a host of ...
Breaking Medicine News(10 mins):
(Date:4/27/2016)... April 27, 2016   Zillion Group ... health technology platform, which specializes in live video ... scalable digital products, Zillion enables companies to realize ... consumers to take control of their health. ... conferencing – including one-to-one, group and webcast scheduled ...
(Date:4/27/2016)... LEXINGTON, Massachusetts , April 27, 2016 ... announces that Jeff Poulton , Chief Financial Officer, will ... in Boston, MA on Wednesday, May ... live audio webcast will be available on the Presentations and ... Subsequently, a replay of the webcast will be available on ...
(Date:4/27/2016)... 2016 Global  urinalysis market ... by 2022, according to a new report by ... http://photos.prnewswire.com/prnh/20150105/723757 ) , Automation ... and accuracy delivered by the new generation urinalysis ... urinalysis instruments and consumables. For instance, the automatic ...
Breaking Medicine Technology:
Cached News: