GAO Testimony: Overview of Approaches to Control Prescription Drug Spending in Federal Programs

GAO Testimony: Overview of Approaches to Control Prescription Drug Spending in Federal Programs
June 24, 2009. 16 pages. Testimony given by John E. Dicken, director, health care, before the Subcommittee on Federal Workforce, Postal Service, and the District of Columbia, House Committee on Oversight and Government Reform. (U.S. Government Accountability Office)
Source: www.gao.gov

Walgreens extends Medicaid deadline by 30 days in effort to resolve impasse with state (The Delaware Business Ledger)
Delaware’s Medicaid participants who get their prescriptions filled at Walgreens now have an additional 30 days to do so, if they choose.
Source: www.ledgerdelaware.com

Cornell Blasts Edwards On Medicaid (The Post-Journal)
Chautauqua County Legislator Chuck Cornell, D-Jamestown, will eliminate the vacant Medicaid specialist position if elected county executive this fall. Pledging to pursue other avenues to cut Medicaid costs, Cornell said recently that none of the savings promised by the current administration have been charted as a result of the position.
Source: www.post-journal.com

Take-Up of Medicare Part D: Results from the Health and Retirement Study
Excerpt: “We analyze data from the Health and Retirement Study on senior citizens’ take-up of Medicare Part D. Take-up among those without drug coverage in 2004 was high; about fifty to sixty percent of this group have Part D coverage in 2006. Only seven percent of senior citizens lack drug coverage in 2006 compared with 24 percent in 2004. We find little circumstantial evidence that Part D crowded out private coverage in the short run, since the persistence of employer coverage was only slightly lower in 2004 — 2006 than it was in 2002 — 2004.” (National Bureau of Economic Research; paid subscription or individual purchase required to retrieve fulltext)
Source: papers.nber.org

[Guidance Overview] Medicare Part D: Optimizing the Opportunities for Employer Plans (PDF)
5 pages. The article discusses the pluses and minuses of options. (International Foundation of Employee Benefit Plans via Milliman)
Source: www.milliman.com

[Guidance Overview] CMS Revision of Indexed Medicare Part D Amounts for 2010, Updated April 8, 2009
Excerpt: “In an April 6, 2009 announcement, the Centers for Medicare & Medicaid Services (CMS) revised and made final the indexed Medicare Part D standard benefit and Retiree Drug Subsidy (RDS) amounts for 2010, previously announced in an advance notice. This Capital Checkup features charts comparing the final 2010 numbers and the 2009 numbers.” (The Segal Group, Inc.)
Source: www.sibson.com

Savings Needed for Health Expenses in Retirement: An Examination of Persons Ages 55 and 65 in 2009 (PDF)
Pages of 20 pages. Excerpt: “This report updates earlier EBRI research on estimated savings needed to cover health insurance to supplement Medicare and out-of-pocket expenses for health care services in retirement. It finds that men age 65 in 2009 retiring this year will need anywhere from $68,000?$173,000 in savings to cover health insurance premiums and out-of-pocket expenses in retirement if they want a 50?50 chance of being able to have enough money, and $134,000?$378,000 if they prefer a 90 percent chance. With their greater longevity, women will need more: a women retiring at age 65 in 2009 will need anywhere from $98,000?$242,000 in savings to cover health insurance premiums and out-of-pocket expenses inretirement for a 50?50 chance of having enough money, and $164,000?$450,000 for a 90 percent chance.” (Employee Benefit Research Institute)
Source: www.ebri.org

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